The NAB Business Confidence index measures the expectations of Australian businesses regarding the future economic environment. While the 'Business Conditions' index reflects the current state, 'Business Confidence' focuses on how firms expect the economy to perform in the coming months. It is a key indicator of future business investment and hiring intentions in Australia.
Compiled from a survey of approximately 400 to 600 non-farm companies, asking respondents to rate the outlook for their industry and the broader economy.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 11, 2026 | -6.00 | -6.00 | 0.00 |
| Jul 14, 2026 | -5.00 | -12.00 | +7.00 |
| Jun 9, 2026 | -14.00 | -22.00 | +8.00 |
| May 12, 2026 | -23.00 | -32.00 | +9.00 |
| Apr 14, 2026 | -29.00 | -6.00 | -23.00 |
| Mar 10, 2026 | -1.00 | 3.00 | -4.00 |
| Feb 10, 2026 | 3.00 | 3.00 | 0.00 |
| Jan 27, 2026 | 3.00 | 2.00 | +1.00 |
| Dec 9, 2025 | 1.00 | — | — |
| Nov 11, 2025 | 6.00 | 8.00 | -2.00 |
| Oct 14, 2025 | 7.00 | 9.00 | -2.00 |
| Sep 9, 2025 | 4.00 | 8.00 | -4.00 |
| Aug 12, 2025 | 7.00 | 3.00 | +4.00 |
| Jul 8, 2025 | 5.00 | -5.00 | +10.00 |
| Jun 10, 2025 | 2.00 | -3.00 | +5.00 |
| May 13, 2025 | -1.00 | -5.00 | +4.00 |
| Apr 8, 2025 | -3.00 | -3.00 | 0.00 |
| Mar 11, 2025 | -1.00 | 6.00 | -7.00 |
| Feb 11, 2025 | 4.00 | — | — |
| Jan 28, 2025 | -2.00 | 3.00 | -5.00 |
| Dec 10, 2024 | -3.00 | 4.00 | -7.00 |
| Nov 12, 2024 | 5.00 | 2.00 | +3.00 |
| Oct 8, 2024 | -2.00 | 2.00 | -4.00 |
| Sep 10, 2024 | -4.00 | 3.00 | -7.00 |
| Aug 13, 2024 | 1.00 | 5.00 | -4.00 |
| Jul 9, 2024 | 4.00 | -5.00 | +9.00 |
| Jun 11, 2024 | -3.00 | — | — |
| May 13, 2024 | 1.00 | 2.00 | -1.00 |
| Apr 9, 2024 | 1.00 | -3.00 | +4.00 |
| Feb 13, 2024 | 1.00 | 1.00 | 0.00 |
| Jan 23, 2024 | -1.00 | -7.00 | +6.00 |
| Dec 12, 2023 | -9.00 | -1.00 | -8.00 |
| Nov 14, 2023 | -2.00 | -1.00 | -1.00 |
| Oct 10, 2023 | 1.00 | -2.00 | +3.00 |
| Sep 12, 2023 | 2.00 | 1.00 | +1.00 |
| Aug 8, 2023 | 2.00 | -3.00 | +5.00 |
| Jul 11, 2023 | 0.00 | -1.00 | +1.00 |
| Jun 13, 2023 | -4.00 | 2.00 | -6.00 |
| Apr 11, 2023 | -1.00 | -2.00 | +1.00 |
| Mar 14, 2023 | -4.00 | 5.00 | -9.00 |
| Feb 14, 2023 | 6.00 | 1.00 | +5.00 |
| Jan 24, 2023 | -1.00 | 3.00 | -4.00 |
| Dec 13, 2022 | -4.00 | 2.00 | -6.00 |
| Oct 11, 2022 | 5.00 | 8.00 | -3.00 |
| Sep 13, 2022 | 10.00 | 6.00 | +4.00 |
| Aug 9, 2022 | 7.00 | 2.00 | +5.00 |
| Jul 12, 2022 | 1.00 | 5.00 | -4.00 |
| Jun 14, 2022 | 6.00 | 12.00 | -6.00 |
| May 10, 2022 | 10.00 | — | — |
| Apr 12, 2022 | 16.00 | 2.00 | +14.00 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jul 14, 2026 | -5 | -5 | 0 ↓ |
| May 12, 2026 | -24 | -23 | +1 ↑ |
