360° Coverage : Australian business confidence improves

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Australian business confidence improves
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Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia...

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1 year ago

Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

NAB's monthly business survey showed business confidence rose one point to an index level of plus three points in January, reported Xinhua.

However, business condition remained in negative territory in the month despite improving three index points to minus two.

The bank said the confidence recovery was mainly helped by the rally in global equity markets and generally better activity in China, as well as recent rate cuts from the Reserve Bank of Australia (RBA).

"However confidence remains below long-run average levels," NAB said in its report.

"Business conditions were generally better across interest sensitive industries in January, but fell heavily in mining."

NAB says it still sees the need for the RBA to cut the cash rate by 75 basis points in 2013.

IANS

Source: IANS

 
Update
11

14 hours ago

Home price rises look to be cooling

Sep 30 2014 8:50pm CDT | Source: NEWS.com.au

THE housing market looks to be cooling, with home prices recording a flat result in September - a result likely to be welcomed by the RB ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
10

1 day ago

Investors hogging credit for housing

Sep 30 2014 2:23am CDT | Source: NEWS.com.au

INVESTOR housing credit increased to 9.2 per cent over the year, its fastest annual pace since before the global financial crisis, RBA figures ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
9

1 day ago

Home loans soar to $7.7b

Sep 29 2014 11:07pm CDT | Source: NEWS.com.au

HOUSING loans, especially to investors, dominated credit growth in August, supporting the RBA's view that housing lending is 'unbala ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
8

1 day ago

Investor home loans highest since 1990

Sep 29 2014 10:31pm CDT | Source: The Australian

GROWTH in loans to investors to buy houses and apartments has accelerated to a six-and-a-half year high, fanning fears of a ...
Source: The Australian   Full article at: The Australian
 

 
Update
7

5 days ago

Economists grapple with 'macropru'

Sep 25 2014 11:17pm CDT | Source: NEWS.com.au

ECONOMSITS this week pondered the implications of the RBA's "jawboning" about the use of prudential reguations to ma ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
5

5 days ago

The move that could bring house prices down

Sep 25 2014 11:07pm CDT | Source: Herald Sun

THE cost of a home has skyrocketed across the country in the past year, and the RBA has warned it has to take acti ...
Source: Herald Sun   Full article at: Herald Sun
 

 
Update
4

5 days ago

The move that could bring house prices down

Sep 25 2014 8:13pm CDT | Source: NEWS.com.au

THE cost of a home has skyrocketed across the country in the past year, and the RBA has warned it has to t ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
3

6 days ago

Mortgage regulations "might help": RBA

Sep 25 2014 3:31am CDT | Source: NEWS.com.au

RBA boss Glenn Stevens is open to the idea of new regulations on home loans, but says they are not a permanent solution to th ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
2

1 week ago

RBA sounds lending alarm

Sep 24 2014 9:00am CDT | Source: The Australian

BANKS are facing a fresh hit to earnings after the RBA flagged that regulators could curb lending to property in ...
Source: The Australian   Full article at: The Australian
 

 
Update
1

1 week ago

Price strain pushes first home out of reach

Sep 24 2014 5:12am CDT | Source: Herald Sun

THE RBA issues a strong warning that the surge in house prices won’t last as new data reveals many first-time buyers save for a deposit for five year ...
Source: Herald Sun   Full article at: Herald Sun
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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