Australia's business conditions improved in August but confidence weakened after four consecutive increases, survey results from NAB showed Tuesday.
The business conditions gained two points to 7 in August and remained around its long-run average.
The improvement in August reflected gains in employment and profitability, while trading conditions stayed unchanged compared to the prior month.
The profitability index doubled to 4 from 2 and the employment indicator climbed to 5 from 2. The index for trading held steady at 12 in August.
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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.