NAB Business Confidence

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december, 2019

10dec12:30 am12:30 amNAB Business ConfidenceIMPACT: AUDUSD & AUD CROSSES12:30 am - 12:30 am UTC Event Type :Medium Impact Time has ran out! Better luck next time!

Event Details

What is this event?

It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Measures

Level of a diffusion index based on surveyed businesses, excluding the farming industry.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, about 11 days after the month ends.

Source of Data

National Australia Bank Limited (latest release)

Time

(Tuesday) 12:30 am - 12:30 am

Australia - Flag - Economic Data

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