Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. National Australia Bank Limited
  6. News
  7. Summary
    NAB   AU000000NAB4

NATIONAL AUSTRALIA BANK LIMITED

(NAB)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/24
27.35 AUD   +1.03%
02:24aDollar hovers near one-week low as Evergrande questions persist
RE
09/23China steps up Australian wheat imports despite trade standoff
RE
09/22PODCAST : Taking ‘Four Daughters' to the world
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

National Australia Bank : Australian business activity off record highs as lockdowns bite-survey

07/12/2021 | 09:30pm EDT

SYDNEY, July 13 (Reuters) - A measure of Australian business conditions fell from record highs in June as coronavirus lockdowns in New South Wales and Victoria curbed sales and undermined confidence, though activity was still solid in historical terms.

National Australia Bank's index of business conditions dropped 12 points to +24 in June, after climbing 5 points in a very strong May survey.

The survey's measure of confidence slipped 9 points to +11, though that was still above the long-term average.

"The decline in conditions was broad-based across states but led by a significant decline in Victoria coming off the back of the lockdown that started in late May but was eased, in a series of steps, over June," said NAB chief economist Alan Oster.

However, as the lockdown in Victoria eased, another began in Greater Sydney which looks set to extend for several weeks.

"The hope is that, as like previous episodes of shutdowns, that businesses bounce back on reopening," added Oster. "While, there is less fiscal support around, businesses conditions have been strong and hopefully the recovery continues."

The survey measure for trading, or sales, fell 10 points to a still-high +35 in June, while profitability lost 13 points to +25 and employment 8 points to +17.

Capacity utilisation dipped back to 83.9%, while forward orders shed 9 points to +15.

Confidence fell in all industries except mining and manufacturing, with recreation & personal suffering a steep 27 point decline as businesses were shut.

The NAB survey was conducted from June 18-30, catching the start of the Sydney lockdown. (Reporting by Wayne Cole; Editing by Jacqueline Wong)


ę Reuters 2021
All news about NATIONAL AUSTRALIA BANK LIMITED
02:24aDollar hovers near one-week low as Evergrande questions persist
RE
09/23China steps up Australian wheat imports despite trade standoff
RE
09/22PODCAST : Taking ‘Four Daughters' to the world
PU
09/21Corn drops for fourth day on U.S. harvest pressure, strong dollar
RE
09/17National Australia Bank Limited Announces Franked Distribution on NABPH-CAP NOTE 3-BBSW..
CI
09/17National Australia Bank Limited Announces Quarterly Dividend for the Financial Reportin..
CI
09/15SHANGHAI STOCK EXCHANGE B SHARES IND : China's Economic Recovery Slows Sharply in August a..
MT
09/14Australian Consumers Turning Upbeat as Reopening Nears
DJ
09/13NATIONAL AUSTRALIA BANK : Australia's RBA optimistic on recovery, still committed to low r..
RE
09/13Australia business conditions show promising improvement in August-survey
RE
More news
Analyst Recommendations on NATIONAL AUSTRALIA BANK LIMITED
More recommendations
Financials
Sales 2021 16 938 M 12 274 M 12 274 M
Net income 2021 6 169 M 4 470 M 4 470 M
Net Debt 2021 - - -
P/E ratio 2021 15,1x
Yield 2021 4,50%
Capitalization 89 592 M 64 927 M 64 926 M
Capi. / Sales 2021 5,29x
Capi. / Sales 2022 5,09x
Nbr of Employees 31 696
Free-Float 99,0%
Chart NATIONAL AUSTRALIA BANK LIMITED
Duration : Period :
National Australia Bank Limited Technical Analysis Chart | NAB | AU000000NAB4 | MarketScreener
Technical analysis trends NATIONAL AUSTRALIA BANK LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 27,35 AUD
Average target price 28,56 AUD
Spread / Average Target 4,42%
EPS Revisions
Managers and Directors
Ross Maxwell McEwan Group CEO, Managing Director & Director
Gary A. Lennon Group Chief Financial Officer
Philip Wayne Chronican Chairman
Patrick C. Wright Chief Technology Officer
Leslie Durno Matheson Chief Operating Officer
Sector and Competitors