澳大利亚国民银行商业信心指数从4月的-1升至2025年5月的2,这是自1月以来首次转为正值,标志着四个月来的最高水平。除制造业、采矿业和批发业外,大多数行业的情绪都有所增强。然而,商业环境再次放缓(4月份为0比2),反映了自2024年底以来的稳步下降。就业情况恶化(0比4),盈利能力保持负值(-4),销售放缓(5比6),零售和制造业跌幅最大。远期订单小幅上升(-2比-3),资本支出激增(6比1),产能利用率更高(82.3%比81.4%)。采购成本增长放缓(1.1%对1.7%),而劳动力成本略有上升(1.7%对1.6%)。产品价格涨幅降至0.5%,零售价格涨幅稳定在1.2%。NAB首席经济学家Sally Auld表示:“商业环境仍然疲软。如果这种情况在未来几个月持续下去,信心将难以从目前的水平上升。”。
Australia’s NAB Business Confidence Index rose to 2 in May 2025 from -1 in April, turning positive for the first time since January and marking its highest level in four months. Sentiment strengthened in most sectors except manufacturing, mining, and wholesale. However, business conditions eased again (0 vs 2 in April), reflecting a steady fall since late 2024. Employment deteriorated (0 vs 4), profitability stayed negative (at -4), and sales slowed (5 vs 6), with retail and manufacturing seeing the largest declines. Forward orders edged up (-2 vs -3), capital spending surged (6 vs 1), and capacity utilization was higher (82.3% vs 81.4%). Purchase cost growth moderated (1.1% vs 1.7%), while labor costs gained slightly (1.7% vs 1.6%). Product price growth fell to 0.5%, with retail price growth steadying at 1.2%. “Business conditions remain weak. If this continues in the coming months, it will be difficult for confidence to rise from current levels,” said NAB Chief Economist Sally Auld.