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Australia data - NAB Q4 Business confidence: 4 (prior 0)

National Australia Bank December quarter Business Survey, Confidence at 4

Leading indicators relatively positive in Q4 2015:

  • Forward orders remained at quite elevated levels
  • As did expectations for business conditions in 3 and 12 months' time

  • A modest lift in capacity utilisation and capex plans for the next 12 months could be hinting at a much needed lift in non-mining business investment, although high 'hurdle rates' of return to investment will remain a challenge
  • Employment intentions have stayed elevated

Comments from NAB Group Chief Economist Alan Oster:

  • Survey confirming yet again that despite the issues facing the mining sector, Australia continues to enjoy a relatively healthy, vibrant and adaptive economy

  • Global market volatilities highlight the growing risks to the outlook ... "The longer these market volatilities persist, the more likely we will see an impact via sentiment channels"
  • "firms ... remaining quite upbeat about the outlook, which suggests good things for the labour market and future investment"

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ps. Have you entered the NFP competition yet?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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