Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Business condition in Australia Hit Highest Levels, NAB says


August, 08 2017
watermark Economic news

Australia’s business conditions for the month of July increased reaching its maximum levels earlier in 2008 which also heightened business confidence. This was the monthly business assessment conducted by the National Australia Bank (NAB).

In the previous month,  business conditions marginally rose by a point to +15 and the Australian financial institution said that the hike is thrice the long-run average of +5. In spite of the volatility, business outlook experienced a steep increase reaching 4 to +12 points in July and doubled the long-run average of +6.

The "profitability" factor is the only thing that improved in the business conditions. While working conditions kept steady at +7, as trading and sales had toned down marginally, however, stayed at an elevated level, based on the measures of the bank.

Other major indicators are less optimistic considering that forward orders eased slightly along with the capacity utilization that remained flat. Moreover, there are positive and negative sides that the business survey should consider.

Alan Oster, NAB's chief economist, said that "Business confidence has gradually been chasing business conditions higher for some time, and has likely seen some additional support this year from an improving global environment as well, although there are still some notable risks".


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.