The June 2016 NAB Monthly Business Survey recorded business confidence jumping +3 points to a reading of +6.
A pretty fair effort given the recent turmoil in Britain.
Meanwhile business conditions bolted even higher to a reading of +12, which is miles above the long run average of +5, and an 8-year high.
Not the kind of result you'd typical associate with further rate cuts, but these are not typical times.
Retail prices fell by -0.2 per cent, which may have implications for the all-important inflation figures.
The inflation (CPI) figures for the second quarter will be released on July 27 - one to watch very closely!