Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
subscribe to our newsletter

Business confidence eases over June: NAB

Business confidence remains relatively resilient following the Budget announcement but sentiment has eased “a touch” over the June quarter, according to NAB’s Quarterly Business Survey.

NAB said the June quarter marked the second consecutive fall from the “election-driven high” of 2013 with most states experiencing a drop in sentiment.

“The monthly survey also showed some deterioration recently, but lifted expectantly in June,” NAB said.

Advertisement
Advertisement

“Conditions edged up a point – reducing the gap with confidence further – but are still at levels consistent with moderate (and uneven) economic growth.”

NAB said that strength in the Australian dollar is having a mixed impact on industry, with import and trade exposed sectors seeing it as a headwind.

However, retailers and wholesalers are seeing the benefits from renewed dollar strength, through reduced purchase costs.

“Business conditions, in level terms, remain soft outside of the services sector,” NAB said.

“Recreation and personal services and finance/property/business services report the most sportive businesses conditions, while mining continues to be very weak.”

 

Business confidence eases over June: NAB
mortgagebusiness

Latest News

The banking industry has agreed on a common approach to COVID-19 loan repayment deferrals, stating that these will not impact a borrower...

The ratings agency is forecasting a material rise in defaults off the back of the economic shock from the coronavirus outbreak. ...

With lower interest rates off the table, the Reserve Bank has been urged to ramp up its quantitative easing strategy. ...

FROM THE WEB
podcast

LATEST PODCAST: Managing the influx of COVID-19-related loans

Do you expect COVID-19 to reduce or increase your business flows?

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.