NAB Quarterly Business Survey Q3 2025

The NAB Quarterly Business Survey Q3 2025 is a report that details business conditions and confidence in the Australian economy. Business conditions have increased by 5 points, reaching their highest level since Q2 2024, driven primarily by improvements in profitability, which rose from -4 points to +4 points. The report indicates that business confidence has improved for the fourth consecutive quarter, now in positive territory for the first time since Q4 2022. The survey highlights that leading indicators, such as forward orders and expected conditions over the next three and twelve months, have also shown positive trends. However, concerns about wage costs and margin pressures continue to impact overall confidence. The document systematically outlines improvements across various industries and states, emphasizing that while capacity utilization has increased, underlying capacity pressures persist. The survey was conducted between August 25 and September 11, 2025, encompassing around 680 firms in the non-farm sector.