Australia Business Confidence

Last Release

Nov 30, 2025

Actual

Units In

Points

Frequency

Monthly

Next Release

Jan 28, 2026

Time to Release

1 Months 17 Days 0 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 slipped to 1 in November 2025 from 6 in the previous month, marking the weakest reading since April. At the same time, business conditions softened (7 vs 10 in October), retreating from their highest level since March 2024, as declines in sales (12 vs 18) and profitability (4 vs 9) offset relatively stable employment (4 vs 3). Despite softer sentiment, capacity utilisation edged higher to 83.6%, the strongest in 18 months, suggesting firms continue operating near full capacity. Price indicators also firmed, with growth in purchase costs rising at a quarterly pace of 1.3% and retail prices climbing 0.8%. “Overall, the survey continues to tell us that businesses are capacity constrained, and if economic growth accelerates further from the current starting point, we may quickly see additional pressure on prices,” said NAB Chief Economist Sally Auld.