NAB Monthly Business Survey April 2025

This document is the NAB Monthly Business Survey for April 2025, which presents data on business conditions and confidence in Australia. It indicates a slight easing in business conditions driven by weaker profitability, while business confidence has improved but remains negative. The survey highlights a significant decline in capital expenditure, reaching its lowest level since June 2024, and a decrease in capacity utilization, which has returned to long-run average levels for the first time since mid-2021. The report details various metrics, including a mixed performance in business confidence across industries, with notable increases in manufacturing and smaller gains in wholesale and construction. Additionally, the survey outlines changes in purchase costs, labor costs, and retail prices, providing a comprehensive view of the economic landscape. The survey was conducted from April 22 to April 30, covering approximately 350 businesses in the non-farm sector, with the next release scheduled for June 10, 2025.