Australia Business Confidence

Last Release

Oct 31, 2025

Actual

Units In

Points

Frequency

Monthly

Next Release

Dec 12, 2025

Time to Release

29 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
23 Apr 2021	-66 Mar 2020	4.81 Points	1997-2025	National Australia Bank

The NAB monthly survey of business confidence is based on a telephone survey of around 600 small, medium and large size non-agricultural 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.

Latest Updates

Australia’s NAB Business Confidence Index edged down to 6 in October 2025 from 7 in the previous month, though it remained above the long-run average. Meantime, business conditions improved slightly (9 vs 8 in September), supported by stronger sales (19 vs 14) and profitability (9 vs 6), while employment remained unchanged (at 3). Simultaneously, price pressures eased, with purchase costs rising at a quarterly rate of 1% and labour costs at 1.5%. The capacity utilisation rate also inched up to 83.4% from 83.3%, indicating activity levels remain high. NAB Chief Economist Sally Auld said the continued strength in business conditions shows the economy has maintained the momentum built since late 2024. However, she noted that growth is occurring amid limited spare capacity, with high utilisation and persistent wage and margin pressures still weighing on confidence.