Wednesday, September 23, 2015

Australia: Not a very innovative nation - NAB

FXStreet(Delhi) – Research Team at NAB, note that according to the NAB’s Quarterly Business Survey, Australian business does not believe that we are a highly innovative nation and just 13% of all firms rate Australia as “highly innovative” (and only 6% of very large firms).

Key Quotes

“But, there is no shortage of firms (more than 1 in 4) across all sizes of business that identify themselves as “highly innovative”.”

“Highly innovative firms can be found across all sectors of the economy - including some more “mature” industries such as Manufacturing and Retail (and in both very big and small firms).”

“This raises the possibility that business may be underestimating the true level of innovation in Australia.”
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