Economy

Latest News

  • Business

Black Friday and Cyber Monday sales top $7 billion

Australians spent more than an estimated $7.1 billion across the four-day Black Friday and Cyber Monday shopping event, new NAB transaction data shows.

  • 30.11.2022
  • Time to read 1 min read
  • Economy

NAB CEO talks labour shortages, scams and cyber security on 3AW

NAB CEO Ross McEwan spoke to 3AW Mornings Host Neil Mitchell on 16 November 2022.

  • 16.11.2022
  • Time to read 8 min read
  • Economy

Australian businesses still struggling to fill jobs

Australian business owners are yet to see an improvement to the labour shortage issue, and some believe it has got worse, new NAB research shows.

  • 16.11.2022
  • Time to read 2 min read
  • Business

Businesses support Australian made to ease supply chain pressure

One in two business owners would increase their use of Australian-based suppliers to tackle the country’s ongoing supply chain issues, new NAB research shows.

  • 14.11.2022
  • Time to read 1 min read
  • Budget

NAB CEO on 2022 Federal Budget

Following the October 2022 Federal Budget NAB Group CEO, Ross McEwan commented on the Government’s commitments.

  • 26.10.2022
  • Time to read 1 min read
  • Budget

NAB CEO on the upcoming Federal Budget

NAB CEO Ross McEwan commented on the economy ahead of the Federal Budget announcement on Tuesday. 

  • 24.10.2022
  • Time to read 1 min read
  • Economy

NAB CEO addresses Trans-Tasman Business Circle

NAB CEO Ross McEwan today spoke at the Trans-Tasman Business Circle in Wellington.

  • 18.10.2022
  • Time to read 10 min read
  • Business

Grand Final boom for businesses this long weekend

NAB data reveals Victorians are set to spend more than $294 million in restaurants and pubs this week – a 38% increase from 2019 – as the AFL Grand Final returns to Australia’s sporting capital for the first time since the pandemic.

  • 22.09.2022
  • Time to read 1 min read
  • Climate

NAB CEO talks climate, rates, inflation, jobs & skills on ABC Radio National

NAB CEO Ross McEwan spoke to ABC Radio National this morning to launch new research revealing the economic opportunity in Australia’s transition to a net-zero economy by 2050.

  • 28.07.2022
  • Time to read 9 min read
  • Climate

Spending $20 trillion differently: Australia’s opportunity in a low emissions world

New research ‘All Systems Go’ by Deloitte Access Economics, commissioned by NAB, reveals the economic opportunity in Australia’s transition to a net-zero economy by 2050.

  • 28.07.2022
  • Time to read 3 min read
  • Business

Four in ten businesses significantly impacted by labour shortages

New research by NAB reveals almost four in 10 Australian small and medium enterprises (SMEs) believe labour shortages are having a ‘very significant’ impact on their business.

  • 20.07.2022
  • Time to read 2 min read
  • Business

Invoice finance keeps the economy moving despite supply chain constraints

Recent NAB data shows the number of customers using invoice financing – which allows businesses to borrow against unpaid customer invoices – has grown by 22% over the past year, a post-Covid high with an average of 1 million invoices being paid each month, helping ease the burden of slower supply chains.

  • 27.06.2022
  • Time to read 2 min read
  • Business

Businesses call for local manufacturing to crack supply chain issues

New research by NAB reveals that 70% of Australian small and medium enterprises (SMEs) believe that greater investment in local manufacturing facilities is needed to relieve the country’s ongoing supply chain challenges.

  • 06.06.2022
  • Time to read 2 min read
  • First home buyers

NAB CEO addresses AFR Banking Summit

NAB CEO Ross McEwan highlighted Australia’s chronic lack of social and affordable housing, and what can be done about it, in a wide-ranging speech on May 31.

  • 31.05.2022
  • Time to read 5 min read