10 Sep Australia Business Confidence
Business Confidence in Australia decreased to 1 Index Points in August from 4 Index Points in July of 2019. Business Confidence in Australia averaged 5.89 Index Points from 1997 until 2019, reaching an all time high of 21 Index Points in April of 2002 and a record low of -30 Index Points in October of 2008. The NAB monthly survey of business confidence is based on a telephone survey of around 600 small, medium and large size non-agricultural companies. The Survey measures the expectations of business conditions for the upcoming month and is a simple average of trading, profitability and employment indices, reported by respondents for their company. The indices are calculated by taking the difference between the percentage of respondents nominating good or very good, or a rise and those nominating poor or very poor, or a fall. This page provides – Australia Business Confidence – actual values, historical data, forecast, chart, statistics, economic calendar and news.