Australia Business Confidence

Last Release

Jun 30, 2025

Actual

Units In

Points

Frequency

Monthly

Next Release

Aug 13, 2025

Time to Release

1 Months 3 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
23 Apr 2021	-66 Mar 2020	4.8 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 jumped to 5 in June 2025 from 2 in May, improving for the third straight month and marking the highest print since January. It is now in line with the long-run average. Business conditions rebounded strongly (9 vs 0 in May), driven by solid gains in sales (15 vs 5), profitability (4 vs -5), and employment (3 vs 1). Conditions strengthened in most industries, with manufacturing and retail experiencing the biggest upturns after steep declines in May. Forward orders rose (0 vs -2), capital spending jumped (10 vs 6), and capacity utilization was higher (83.3% vs 82.3%). Input cost pressures persisted, with purchase costs up (1.5% vs 1.2%), though still within the mid-2024 range, and labor cost growth eased slightly (1.5% vs 1.7%). Product price growth edged up to 0.6%, but retail price growth eased to a 2-year low of 0.6%. “The survey is encouraging that sluggish momentum in early 2025 will improve into the second half,” said NAB’s Gareth Spence.