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

4 days ago

Respecting The FX Price Action

Jul 26 2014 11:41pm CDT | Source: SeekingAlpha

By Marc Chandler:Against the major currencies, the US dollar had a good week. It appreciated across the board, with two minor exceptions. The Swedish krona continued to recover from the slide spurred by the larger than expected 50 bp rate cut at the start of the month. A few data points, including June manufacturing PMI and June CPI were stronger than expected, and helped ease stagflation fears.The other exception was the Australian dollar, ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
10

2 weeks ago

Renters could be better off: RBA

Jul 14 2014 9:00am CDT | Source: The Australian

THE dream of home ownership could become a costly nightmare if the pace of house price growth slows down, ...
Source: The Australian   Full article at: The Australian
 

 
Update
9

2 weeks ago

Why you are better off renting

Jul 14 2014 12:41am CDT | Source: NEWS.com.au

IS it better to buy or rent? A new research paper by the RBA reveals the magic number needed to answer this much-debated que ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
8

2 weeks ago

Why you are better off renting

Jul 14 2014 12:41am CDT | Source: Herald Sun

IS it better to buy or rent? A new research paper by the RBA reveals the magic number needed to answer this much-de ...
Source: Herald Sun   Full article at: Herald Sun
 

 
Update
7

6 weeks ago

Foreign demand ‘added to property price rises’

Jun 18 2014 9:28pm CDT | Source: The Australian

AN increase in foreign demand for Australian housing may have helped push up prices, especially for higher-priced dwellings, says the ...
Source: The Australian   Full article at: The Australian
 

 
Update
5

6 weeks ago

Pound May Pull Back as US Dollar Bounces on UK, US Inflation Data

Jun 18 2014 1:10am CDT | Source: Forex News

Talking Points: British Pound May Give Back Some Recent Gains if CPI Data Disappoints Upbeat US Inflation Data May Help US Dollar Correct Higher Pre-FOMC Aussie Dollar Fell as Minutes from June RBA Meeting Struck Dovish Tone UK inflation data headlines the economic calendar in European hours. The headline year-on-year CPI growth rate is expected to tick lower to 1.7 percent in May. A print in line wit ...
Source: Forex News   Full article at: Forex News
 

 
Update
4

6 weeks ago

Markets Are On The Rise...

Jun 17 2014 3:08am CDT | Source: Business Insider

Good morning! Markets on the rise. US futures are up a bit. German stocks are up 0.9%. The UK is up 0.12%. Italy is gaining about 0.3%. Japan gained 0.29%. Overnight, the biggest mover was the Aussie dollar, which slid on dovish minutes from the Reserve Bank of Australia. Oil has come off a bit in recent days. According to Kit Juckes, the market is hopeful that the conflict in Iraq won't cont ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
3

6 weeks ago

Interest rates to hold steady, says RBA

Jun 16 2014 8:38pm CDT | Source: The Australian

BORROWERS can rest assured that interest rates won’t be going anywhere in the foreseeable future, the RBA’s latest minu ...
Source: The Australian   Full article at: The Australian
 

 
Update
2

6 weeks ago

Janet Yellen, FOMC and UK, EU and Canada Inflation: What to Look Out For

Jun 14 2014 6:21am CDT | Source: IBTimes UK

Week to June 20 marked by FOMC policy decision and policy meeting minutes from ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
1

7 weeks ago

Top Trade Idea For June 11th, 2014 – AUD/USD

Jun 11 2014 9:56am CDT | Source: Forex News

Heading into tomorrow’s Asian session, most traders will be focused on the RBNZ’s interest rate decision and its impact on the New Zealand dollar. However, the AUD/USD has been quietly rallying for the past seven days and a developing technical pattern suggests that the Aussie may steal the Kiwi’s spotlight in the latter half of this week. Tackling the economic outlook first, data from Australia, as well as major trading partner Chi ...
Source: Forex News   Full article at: Forex News
 

 

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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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