NAB business confidence survey was released earlier today pointing to highest levels in 3 1/2 years

James Marlay

Livewire Markets

NAB business confidence survey was released earlier today pointing to highest levels in 3 1/2 years. Following the Ferderal Election the survey showed confidence in key areas such as property and finance have ticked up and a number of forward indicators are alos giving positive signs. Employment still lurks as a challenge for the economy along with the pace of industrial growth in some developed economies starting to falter. Full summary from NAB on the following link Animal spirits lift again. Confidence surges to its highest level in 3½ years. Business conditions, however, still subdued - with employment poor. Signs of better conditions in finance/ business/ property and construction. Forward indicators - including orders, stocks and capacity utilisation - point to future improvement. But our wholesale leading indicator less certain. Firms manage to increase prices modestly but margins still under pressure. Forecasts unchanged except cash rate cut delayed to February.

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter