NAB business confidence index for Australia rises to 4 in the fourth quarter

Market news

4 February 2016

NAB business confidence index for Australia rises to 4 in the fourth quarter

The National Australia Bank (NAB) released its Quarterly Business Confidence Survey on Thursday. The NAB business confidence index rose to 4 in the fourth quarter from 1 in the third quarter. The third quarter's figure was revised up from 0.

Business outlook remained positive, while global uncertainties are the greatest risk.

"The Survey is confirming yet again that despite the issues facing the mining sector, Australia continues to enjoy a relatively healthy, vibrant and adaptive economy", NAB Group Chief Economist Alan Oster said.

He added that risks to the outlook increased due to global market volatilities.

Britain’s Prime Minister David Cameron: there is no firm date for the EU referendum

United Kingdom: Halifax house price index 3m Y/Y, January 9.7%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.