Australia’s NAB Business Confidence Index Climbed In June

Data released by NAB Institute revealed that Australia Business Confidence increased in June. To exceed zero levels for the first time in more than 6 months.

Australia’s NAB’s business confidence unexpectedly rose to 1.0 in June, defying market forecast for a drop to a level of -87.0 and compared to a reading of -20.0 in the previous month.

Elsewhere, in China, Australia’s largest trading partner, the trade surplus narrowed more-than-expected to $46.4 billion in June, compared to an excess a surplus of $62.9 billion in the previous month.