Australian April business confidence 26 (prior 17) & conditions 32 (prior 24)

Author: Eamonn Sheridan | Category: News

National Australia Bank Business Survey for April 

Both of the headline measures hit new highs (i.e. record highs for each)

Confidence 26, up 9 points on the month.

For conditions 32, up 8
  • trading 40, +5
  • profitability 33, +8
  • employment 22, +7
  • sales 40, +5
 Capacity utilisation 85.3% in April, 82.5% in March

Comments from the NAB report:
  • April survey result is simply stunning
  • with many variables reaching survey highs
  • Confidence has also set a new high - pointing to ongoing strength in conditions in the near term
  • strength in capacity utilisation points to an expansion in business investment and ongoing hiring, even as we pass the rebound phase in the economy and move through the JobKeeper hurdle
  • services sectors and mining led the gains in the month
  • all sectors are well into positive territory

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose