Australia Jan. Business Conditions 19 (prior 13) & Business confidence 12 (prior 11)

Author: Eamonn Sheridan | Category: News

National Australia Bank Business Survey for January

Business conditions have another leap higher, to 19 in January (long term average is 5)
  • prior 13
Business confidence higher also, to 12 
  • prior 10, revised from 11  
  • Profitability to 23 (up 9 points on the month)
  • Sales 26 (up 8)
  • Employment 6 (unchanged on the month)
  • Conditions solid across all major industry groups (except retail)
  • Rising capacity utilisation a positive sign for investment says NAB (82.7 in Jan from 82.3 in Dec.)

NAB chief economist Alan Oster
  • We are hopeful that Australia will see stronger economic growth in coming quarters, due to the strength in the labour market, business activity and infrastructure spending