Australia Business Confidence Hits 4-Month High

Australia’s NAB Business Confidence Index jumped to -5 in June 2026 from -14 in May, marking its strongest reading since February as sentiment improved following the easing of geopolitical tensions. Meanwhile, business conditions held steady at 3 for a third consecutive month after the U.S. and Iran reached an agreement to end their multi-month conflict in the Middle East. Price pressures also moderated, with product price growth slowing to its weakest pace since February and retail prices falling for the first time in seven years, according to the survey. Despite the improvement in confidence, the results continued to point to subdued business activity through the first half of 2026. NAB noted that while the Middle East conflict had raised concerns over growth and inflation, its impact on business activity and pricing proved less severe than initially feared, helping support a more resilient business environment.





