The National Australia Bank publish a monthly gauge of business conditions and confidence
They also do a quarterly survey
For Q2
- Business conditions, comes in at +11, up one point from Q1 and well above its long run average
- For Confidence, that's in at +2, down 2 points
- Capex plans up 1 point to 25 in Q2
- This monthly survey is of more than 900 firms
- Firms still have little pricing power, growth in retail and final product prices at very low levels
Comments from NAB chief economist Alan Oster:
- Firms reporting business conditions consistent with an ongoing recovery in the non-mining sector
- Optimism about the outlook should bode well for the labour market and business investment going forward
- Subdued purchase & labour costs, could indicate a low reading for Q2 CPI
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ps. The most recent monthly conditions and confidence results (for June, the survey done in the week following the Brexit referendum when fear and volatility were rampant):
- Conditions +12
- Confidence +6
