Australia business conditions weakened to the lowest since late 2023, while confidence showed an upward trend in the second quarter, survey data from NAB showed on Thursday.
The business conditions index declined to 0 index points from 2 in the first quarter. This was the lowest level since the third quarter 2020.
Profitability remained negative at -4 index points, while trading conditions and employment both eased by 2 and 1 point, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.