NAB Business Confidence measures the expectations of business conditions in Australia for the upcoming month, derived from a survey of approximately 600 small, medium, and large non-agricultural companies. The survey captures sentiments regarding trading, profitability, and employment, providing insight into the overall business climate, which can influence economic forecasts and market expectations.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.