Australian April business confidence -1 (prior -4)

National Australia Bank business survey for April 2025 (survey conducted at the end of that month)

• business confidence -1 (prior -4)
• business conditions +2 (prior +3), well below the long-run average

Some of the sub measures

• sales index held relatively steady at +5
• employment relatively steady at +4
• profitability down 4 points to -4, NAB point to higher purchase costs pressuring margins
• fall of 6 points in the capital spending index to a below average +1, NAB says firms staying away from new investment due to uncertainty over US trade policy

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The Reserve Bank of Australia is expected to cut interest rates again when it meets on May 20. This should help support sentiment.

This article was written by Eamonn Sheridan at www.forexlive.com.