FOREX TradingCharts.com

Financial News: Australia NAB Business Confidence Rises, Conditions Fall

Australia NAB Business Confidence Rises, Conditions Fall

05/13/2025 - 01:37:00 (RTTNews)

(RTTNews) - Australia business confidence improved in April, while conditions deteriorated due to weaker profitability, survey results from NAB showed on Tuesday.

The business confidence index rose to -1 in April from -3 in March but remained negative.

Confidence by industry was mixed, with a significant increase in confidence in manufacturing and smaller increases in wholesale, construction, and finance, property and business services.

The business conditions index dropped to 2 from 3 a month ago. The fall was driven by a 4 point drop in profitability. Trading conditions eased slightly by one point and employment intentions was steady at 4.

By industry, conditions fell significantly in mining and transport and utilities.

Capacity utilization fell to 81.4 percent after rising sharply in March. This took capacity utilization back to its long-run average for the first time since mid-2021. Forward orders edged down one point to -3 index points, while capex fell notably to 1 index points.

Purchase cost growth climbed to 1.7 percent from 1.4 percent in quarterly equivalent terms, while labor cost growth was stable at 1.6 percent. Product price growth and retail price growth increased, with retail price growth rising to 1.4 percent from 0.9 percent, the survey showed.

"Overall, both business conditions and confidence remain weak relative to average levels, highlighting the risk that the economy is struggling to maintain the pick up in momentum we saw in the last quarter of 2024," NAB Chief Economist Sally Auld said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Construction Spending Unexpectedly Falls 0.4% In April (04 hr(s), 40 min(s), 46 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Monday unexpectedly showed a continued ...Full Story»

U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May (05 hr(s), 22 min(s), 46 sec(s) ago)
(RTTNews) - A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the mont ...Full Story»

Cyprus Retail Sales Growth Remains Strong In April (05 hr(s), 46 min(s), 46 sec(s) ago)
(RTTNews) - Retail sales in Cyprus continued to growth at a robust pace in April, albeit some easi ...Full Story»

Brazil Factory Activity Contracts In May (06 hr(s), 03 min(s), 46 sec(s) ago)
(RTTNews) - The Brazilian manufacturing economy deteriorated for the first time in more than two y ...Full Story»

UK Manufacturing Sector Shrinks Sharply (06 hr(s), 36 min(s), 46 sec(s) ago)
(RTTNews) - The UK factory sector shrank further in May as the weak global demand, trade tensions ...Full Story»

Greece Manufacturing Growth Remains Stable In May (06 hr(s), 46 min(s), 46 sec(s) ago)
(RTTNews) - Greece's manufacturing activity logged a further solid improvement in May amid str ...Full Story»

Eurozone Manufacturing Activity Contraction Slows (06 hr(s), 52 min(s), 46 sec(s) ago)
(RTTNews) - Euro area factory activity fell at the slowest pace in more than two years in May, sig ...Full Story»

Hong Kong Retail Sales Fall 2.3% (07 hr(s), 29 min(s), 46 sec(s) ago)
(RTTNews) - Hong Kong's retail sales value declined at a slower pace in April, preliminary dat ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Construction Spending Unexpectedly Falls 0.4% In April

06/02/2025 - 11:50 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Monday unexpectedly showed a continued ...Full Story>>

U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May

06/02/2025 - 11:08 AM (RTTNews)
(RTTNews) - A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the mont ...Full Story>>

Cyprus Retail Sales Growth Remains Strong In April

06/02/2025 - 10:44 AM (RTTNews)
(RTTNews) - Retail sales in Cyprus continued to growth at a robust pace in April, albeit some easi ...Full Story>>

Brazil Factory Activity Contracts In May

06/02/2025 - 10:27 AM (RTTNews)
(RTTNews) - The Brazilian manufacturing economy deteriorated for the first time in more than two y ...Full Story>>

UK Manufacturing Sector Shrinks Sharply

06/02/2025 - 09:54 AM (RTTNews)
(RTTNews) - The UK factory sector shrank further in May as the weak global demand, trade tensions ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.