NAB Monthly Business Survey April 2026

This document is the NAB Monthly Business Survey for April 2026, which presents findings related to business confidence and conditions in Australia. The survey indicates that price pressures have significantly increased, with purchase cost growth rising to 4.5%, surpassing final product price growth of 1.8%. This disparity is causing heightened pressure on profit margins across various industries, particularly in manufacturing and construction. Business confidence has seen a slight increase of 5 points, reaching -24 index points, while business conditions have declined for the fourth consecutive month, now sitting at +3 index points. The survey also highlights a notable decrease in forward orders, capital expenditure, cash flow, and employment, all of which are below their long-run averages. Additionally, the document notes a deterioration in credit access, suggesting tightening financial conditions for Australian businesses. The findings underscore the challenges posed by rising costs and a softening demand outlook.