AUD traders: Monthly business confidence data due from Australia Tuesday

NAB Business Survey for June 2019 brings readings on business conditions and business confidence.

• Business Confidence prior 7
• Business Conditions prior 1

I posted a preview yesterday here:

• AUD traders - heads up for the monthly business confidence data due from Australia Tuesday

Adding some snippets from bank analysts:

ANZ:

• Business confidence bounced in May post-election
• business conditions fell to their lowest level since September 2014 and are sitting well below the long-run average
• There is unlikely to be much improvement in conditions in June, with manufacturing and construction activity contracting based on Ai Group PMIs, but services activity has improved.

NAB:

• will show whether the post-election pick-up in confidence has been sustained and if it has been reflected in conditions, which fell in May to their lowest level since 2014
• the employment index will be important given the RBA's focus on the labour market.

CBA:

• survey for June and will include the impact of the RBA's June rate cut and any further post-election impact
• The employment component of the survey will be important to watch given the importance that the RBA is placing on labour market outcomes