Home NAB Business Confidence and Conditions bounce back
FXStreet News

NAB Business Confidence and Conditions bounce back

A measure of Australian business conditions showed a broad-based improvement in activity and confidence in May as follows:

  • Australia may business conditions index rises to -24 vs -34 in April
  • Australia may business confidence index rises to -20 vs -45 in April.



Description of NAB´s Business Conditions and Confidence

The NAB´s Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).

The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.