Australia Macro Updates
The One Stop Portal for Australia Macroeconomic Data. Simplified and Summarized!
We simplify and summarize key data so that you don’t have to spend hours reading confusing and long media releases. Read key economic releases and major events here in under 2 minutes. And we will explain the key takeaway for you. Stay informed and form a robust view on macroeconomic matters to aid your successful investment decisions
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NAB Business Confidence Index
Key takeaway: The TCB Consumer Confidence Index jumped from a downwardly revised 101.0 in November to 110.0 in December. Even though the quantum of increase in the Index was substantial, the direction of the move was hardly surprising given recent turn of events vis. a booming stock market, collapsing bond yields, soft inflation prints and a resilient retail sales print. The Present Situation Index also rose substantially from from 136.5 to 148.5. Lastly, the Future Expectations Index also rose from 77.4 in November to 85.6 in December. A reading below 80 on the Expectations Index has typically been associated with a recession within the next year. It is also important to note that the Expectations Index has pretty much been below 80 since December 2022. Hence a substantial jump over 80.0 is also worth noting.
- The Index increased to 110.0 in Dec from 101.0 in Nov. Expectations were 103.0
28th Nov 2023
Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism.