Australian Business Activity Rebounds in June, Survey Finds

Australian business activity rebounded sharply in June as firms reported rising sales and profitability, a survey showed on Tuesday, offering hope demand was finally benefiting from lower borrowing costs and cooling inflation.

National Australia Bank's survey showed its index of business conditions climbed to +9 in June, from zero in May, topping the long average of around +6. Its confidence index also increased 3 points to +5, for the third month of gains.

"While we wouldn't overplay monthly moves, the uptick in trend conditions is welcome given the softening trend through early 2025," said NAB's chief economist, Sally Auld...

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