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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia NAB Quarterly Business Confidence climbed to 2 in Q1 2013
FMPQuarterlyReleased April 2013
Australia NAB Quarterly Business Confidence climbed to 2 in Q1 2013, released April 2013, up 7 from December's -5 reading.
Latest Release
2.000000
Actual
—
Consensus
-5.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
NAB Quarterly Business Confidence (Australia) was reported at 2.00 in April 2013. The reading rose from the previous value of -5.00.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Jun 18) and Full Time Employment Chg (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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NAB Quarterly Business Confidence - AU
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About NAB Quarterly Business Confidence — Australia
DEFINITION
NAB Quarterly Business Confidence is a key financial indicator that measures the level of optimism or pessimism among Australian businesses about the current and future state of the economy. This indicator is based on a survey conducted by the National Australia Bank (NAB) and provides valuable insights into the overall sentiment and expectations of businesses, which can have a significant impact on economic growth and investment decisions. A high level of business confidence is generally associated with increased business activity and a strong economy, while a low level may indicate potential challenges and uncertainties. NAB Quarterly Business Confidence is closely monitored by investors, policymakers, and analysts as it can provide valuable information for making informed business and financial decisions.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 2.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.