Australia Business Confidence Improves to -5 in June

Australia business confidence improved sharply in June, with the NAB survey index rising to -5 from -14 in May. The reading still signals net pessimism. The move is the biggest monthly gain since early 2025.

Business conditions held steady at 3. The index has been at that level for three months, suggesting the economy is running at a modest pace without accelerating.

The improvement in confidence reflects a less downbeat view on demand and the outlook for the next few months, the survey showed. The NAB report did not provide a breakdown by sector.

The Reserve Bank of Australia next meets in August. The board has kept the cash rate at 4.35% since November.

The NAB survey is based on responses from around 400 firms across the country.