FOREX TradingCharts.com

Financial News: Australia's Business Conditions Weaken; Confidence Rises:

Australia's Business Conditions Weaken; Confidence Rises: NAB

02/09/2021 - 00:14:00 (RTTNews)

(RTTNews) - Australia's business conditions weakened from the December high, while business confidence strengthened in January, survey results from the National Australia Bank showed Tuesday.

The business conditions index dropped 9 points to 7 in January. However, the score was above average and back around November levels.

Meanwhile, the business confidence index advanced 5 points to 10 in January.

The overall drop in conditions was driven by a decline in all three sub-components with trading conditions leading the fall and the employment index also easing in the month. That said all three sub-indexes remained in positive, expansionary territory.

Among industries, conditions remained strongest in retail and weakest in construction followed by personal services.

Capacity utilization edged up in the month, while forward orders weakened from December. On investment, capex rose to be just in positive territory at 1 index point.

"Business started the year on a more optimistic note, even as conditions eased from the strength we saw in December," Alan Oster, NAB group chief economist.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Ireland GDP Falls In Q4 (07 hr(s), 24 min(s), 12 sec(s) ago)
(RTTNews) - Ireland's economy shrunk in the fourth quarter of 2020 due to a weaker performance ...Full Story»

U.S. Trade Deficit Widens In January As Imports Rise More Than Exports (09 hr(s), 13 min(s), 12 sec(s) ago)
(RTTNews) - With imports increasing by slightly more than exports, a report released by the Commer ...Full Story»

U.S. Job Growth Far Exceeds Estimates In February (09 hr(s), 27 min(s), 12 sec(s) ago)
(RTTNews) - Reflecting a significant rebound in employment in the leisure and hospitality industry ...Full Story»

U.S. Trade Deficit Exceeds Estimates In January (10 hr(s), 09 min(s), 12 sec(s) ago)
(RTTNews) - With imports increasing by slightly more than exports, a report released by the Commer ...Full Story»

U.S. Employment Jumps Much More Than Expected In February (10 hr(s), 14 min(s), 12 sec(s) ago)
(RTTNews) - Reflecting a significant rebound in employment in the leisure and hospitality industry ...Full Story»

German Plant & Machinery Orders Decline In January: VDMA (10 hr(s), 54 min(s), 12 sec(s) ago)
(RTTNews) - German manufacturers received less orders for plant and machinery in January compared ...Full Story»

France's Current Account Gap Widens In January (12 hr(s), 27 min(s), 12 sec(s) ago)
(RTTNews) - France's current account deficit widened in January largely due to the fall in the ...Full Story»

Italy Retail Sales Fall In January (12 hr(s), 40 min(s), 12 sec(s) ago)
(RTTNews) - Italy's retail sales declined in January after rising in the previous month, data ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Ireland GDP Falls In Q4

03/05/2021 - 11:28 AM (RTTNews)
(RTTNews) - Ireland's economy shrunk in the fourth quarter of 2020 due to a weaker performance ...Full Story>>

U.S. Trade Deficit Widens In January As Imports Rise More Than Exports

03/05/2021 - 09:39 AM (RTTNews)
(RTTNews) - With imports increasing by slightly more than exports, a report released by the Commer ...Full Story>>

U.S. Job Growth Far Exceeds Estimates In February

03/05/2021 - 09:25 AM (RTTNews)
(RTTNews) - Reflecting a significant rebound in employment in the leisure and hospitality industry ...Full Story>>

U.S. Trade Deficit Exceeds Estimates In January

03/05/2021 - 08:43 AM (RTTNews)
(RTTNews) - With imports increasing by slightly more than exports, a report released by the Commer ...Full Story>>

U.S. Employment Jumps Much More Than Expected In February

03/05/2021 - 08:38 AM (RTTNews)
(RTTNews) - Reflecting a significant rebound in employment in the leisure and hospitality industry ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.