Australia’s NAB business confidence rises to 5, conditions rebound to 9

Australia’s business sentiment improved sharply in June, with NAB Business Confidence rising from 2 to 5, its highest trend level in over a year. Business Conditions surged from 0 to 9 after weakening for five straight months. The rebound was broad-based, with trading conditions jumping from 5 to 15, profitability returning to positive territory from -5 at 4, and employment conditions edging up from to 3.

On the pricing side, signals were mixed. Labour cost growth eased slightly from 1.6% to 1.5% (quarterly equivalent), while purchase costs rose from 1.2% to 1.5%. Final product price growth ticked up from 0.5% to 0.6%, although retail price growth slowed to 0.6%, hinting at easing consumer price pressures despite supply-side stickiness.

NAB’s Gareth Spence said the data suggest momentum may be picking up into the second half of 2025. “While we know the monthly survey can be volatile, the hope is at least some of these trends will be sustained,” he noted, calling the jump in both confidence and conditions a positive surprise amid ongoing global uncertainty.

Full Australia NAB Monthly Business Survey here.

Source link

Visited 1 times, 1 visit(s) today

Related Article

U.S. President Donald Trump gestures, as he speaks from a balcony, on the day he is expected to sign a sweeping spending and tax legislation, known as the "One Big Beautiful Bill Act," at the White House in Washington, D.C., U.S., July 4, 2025.

Global stock markets call president’s bluff

WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew

USD/JPY technical forecast

USD/JPY Price Analysis: Tarriffs Trigger Economic Woes for Japan

The USD/JPY price analysis indicates growing concerns about the state of Japan’s economy. Trump sent letters to some countries, including Japan and South Korea, notifying them of higher tariffs. Some major partners, such as the European Union, may not face higher tariffs. The USD/JPY price analysis indicates growing concerns about the state of Japan’s economy

It Must Be Unicorns – Action Forex

We’re back to square one in terms of the US tariff disaster, as the US has started sending letters to countries revealing their tariff rates—and the rates don’t look much different from those announced on the so-called Liberation Day. 25% for South Korea and Japan, 25% for Malaysia; 30% for South Africa; and 40% for

AUD/USD technical outlook

AUD/USD Outlook: Aussie Dollar Surges on Surprise RBA Pause

The AUD/USD outlook shows a sharp rebound in the Australian dollar. The Reserve Bank of Australia stunned markets by keeping interest rates unchanged. Trump sent out tariff letters to some of the US’s major trading partners. The AUD/USD outlook shows a sharp rebound in the Australian dollar after a surprise pause by the RBA. Meanwhile,

Australian Dollar Strengthens Following RBA Decision

Today, the AUD/USD pair experienced a spike in volatility. According to ForexFactory, analysts had forecast that the Reserve Bank of Australia (RBA) would cut interest rates from 3.85% to 3.60%. However, the market was caught off guard as the central bank opted to keep rates unchanged. The RBA stated the following: → It remains cautious

Tesla Signal 08/07: Drops 7% on Political Noise (Chart)

Drops 7% on Political Noise (Chart)

Potential signal: I bought Tesla this morning and have no qualms doing more. I would have a stop loss at the $265 level and be aiming for the $335 level. Tesla is at it again, as we continue to see a lot of volatility in this market. The Tesla market is continuing to see a

Investors Are Hoping the TACO Trade Saves Them From Trump's Tariffs

Investors Are Hoping the TACO Trade Saves Them From Trump’s Tariffs

Stocks dropped on Monday with Donald Trump’s tariff tough talk back in the spotlight. Now, investors are hoping it’s TACO Tuesday. The so-called TACO trade — a term coined by Financial Times columnist Robert Armstrong that’s short for Trump Always Chickens Out — is back in the market zeitgeist with Trump announcing 25% tariffs on

0
Would love your thoughts, please comment.x
()
x