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What does ABC stand for?

ABC stands for Australian Business Confidence


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Business confidence in Australia decreased to 2 in October from 5 in September of 2015 and below market consensus. The deterioration was reasonably broad based, with only finance/ property/ business, manufacturing and mining improving (although mining remains negative). Business Confidence in Australia averaged 5.73 from 1997 until 2015, reaching an all time high of 21.10 in May of 2002 and a record low of -31.60 in January of 2009. Business Confidence in Australia is reported by the National Australia Bank. The NAB monthly survey of business confidence is based on a telephone survey of around 350 small, medium and large size Australian companies. The Survey measures the expectations of business conditions for the upcoming month and is a simple average of trading, profitability and employment indices, reported by respondents for their company. The indices are calculated by taking the difference between the percentage of respondents nominating good or very good, or a rise and those nominating poor or very poor, or a fall. This page provides - Australia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.
From Yahoo Finance: Australian Business Confidence at 2-Year High, AUD/USD Higher
Australian business confidence is at its lowest level - zero - since the Federal Election Greg McKenna Mar 10, 2015, 11:30 AM.
A key measure of business confidence in Australia, published monthly and quarterly by National Australia Bank. The NAB Business Confidence Index is a component of the bank's business survey, which covers hundreds of Australian companies to assess business conditions in the nation.