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The NAB Monthly Business Survey shows a rise in business confidence for the third consecutive month in June 2026. While inflationary pressures appear to be easing, the central bank is expected to maintain stable interest rates through the second half of the year.
Why it matters
This data provides a critical pulse on the Australian economy, suggesting a potential stabilization of inflation and business conditions.
Business confidence rises for third consecutive month, NAB survey finds Y By Yiying Li
The confidence and cost growth components of the survey continued to recover in June, according to the NAB Monthly Business Survey .
Business confidence rose 9pts to -5 index points, the survey finds. Despite remaining negative, it has now recovered much of the fall seen in March.
Business conditions were flat at 3 index points for the third consecutive month but remain around 5pts lower in trend terms than the start of 2026.
Capacity utilisation was stable in June, but has eased by around 1ppt over H1 2026. It remained slightly above its long-run average, NAB said.
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