FOREX TradingCharts.com

Financial News: Australia's Business Confidence Strongest Since Mid-2019

Australia's Business Confidence Strongest Since Mid-2019

11/10/2020 - 00:23:00 (RTTNews)

(RTTNews) - Australia's business confidence improved to its highest level since mid-2019 driven by the fall in Covid-19 cases and looming end of lockdown, survey results from the National Bank of Australia showed Tuesday.

The business sentiment index advanced to +5 in October from -4 in the previous month. The improvement in confidence was encouraging but remained fragile, and it would likely remain that way until a vaccine is available, NAB said.

Forward orders and capacity utilization improved in October, but the former remained negative and the latter was still below pre-Covid levels.

Nonetheless, the survey continued to signal a rebound in the economy from the sharp fall in activity in the first half of 2020 and to continue to recover as the economy reopens.

The business conditions index gained one point to +1 in October. The gains in conditions were led by further improvements in the trading and profitability sub-components.

The employment index rose slightly, but has lagged the improvement in the other activity indicators and was still negative at -5 index points.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Personal Income Drops In October, But Personal Spending Rises (14 min(s), 40 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing a decrease in U.S. pers ...Full Story»

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated (27 min(s), 40 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Wednesday showed consumer senti ...Full Story»

U.S. New Home Sales Unexpectedly Dip 0.3% In October (44 min(s), 40 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly edged lower in the month of October, according ...Full Story»

U.S. Durable Goods Orders Jump 1.3% In October, More Than Expected (01 hr(s), 06 min(s), 40 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Climb To 778,000 (01 hr(s), 14 min(s), 40 sec(s) ago)
(RTTNews) - Fist-time claims for U.S. unemployment benefits unexpectedly increased in the week end ...Full Story»

Spike In U.S. GDP In Third Quarter Unrevised At 33.1% (02 hr(s), 14 min(s), 40 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed the spike in gross do ...Full Story»

U.S. Durable Goods Orders Jump More Than Expected In October (02 hr(s), 18 min(s), 40 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story»

U.S. Weekly Jobless Claims Show Unexpected Increase (02 hr(s), 23 min(s), 40 sec(s) ago)
(RTTNews) - Fist-time claims for U.S. unemployment benefits unexpectedly increased in the week end ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Personal Income Drops In October, But Personal Spending Rises

11/25/2020 - 10:48 AM (RTTNews)
(RTTNews) - The Commerce Department released a report on Wednesday showing a decrease in U.S. pers ...Full Story>>

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated

11/25/2020 - 10:35 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Wednesday showed consumer senti ...Full Story>>

U.S. New Home Sales Unexpectedly Dip 0.3% In October

11/25/2020 - 10:18 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly edged lower in the month of October, according ...Full Story>>

U.S. Durable Goods Orders Jump 1.3% In October, More Than Expected

11/25/2020 - 09:56 AM (RTTNews)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story>>

U.S. Weekly Jobless Claims Unexpectedly Climb To 778,000

11/25/2020 - 09:48 AM (RTTNews)
(RTTNews) - Fist-time claims for U.S. unemployment benefits unexpectedly increased in the week end ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.