The NAB Business Survey for Australia released Tuesday showed its business confidence index rebounded to zero in June after slipping to minus 4 in May from zero in April. The survey's business conditions index was little changed at 9 in June after falling to 8 in May from 14 in April to 8 in May.

The Reserve Bank of Australia left its policy interest rate unchanged at 4.10 percent at its latest meeting on July 4 after raising the rate by 25 basis points on June 6.

The National Australia Bank (NAB) Business Survey is based on a survey of around 500 firms across the non-farm business sector on their assessment of current business conditions and their sentiment about the outlook. The survey's business conditions index covers trading, profitability, employment, forward orders, stocks, and exports, with respondents also providing responses on changes in costs and selling prices. The survey is conducted in the second half of each month.

The survey of business conditions and confidence offers timely updates on how Australian companies are performing and reacting to unfolding events including news about the overall economy and policy developments. as well as moves in the stock market and changes in interest rates. Investors can use the data to help forecast economic activity and better understand how business conditions and expectations affect sales, employment, investment and other economic outcomes.