- Prior was +1
- Confidence +2 vs 0 prior
This index fell to a post-pandemic low in May but has recovered back to May 2024 levels since.
The quarterly Australia NAB Quarterly Business Survey offers a detailed snapshot of business conditions and sentiment across sectors, providing richer insights than the usual monthly release. It tracks indicators like profitability, capacity utilization, costs, and forward orders to gauge economic momentum and inflation pressures. Markets rarely move on it but it can flag turning points in growth so today’s bounce might be notable.
This article was written by Adam Button at investinglive.com.