Business confidence in Australia ebbed in July, the latest survey from National Australia Bank revealed on Tuesday with an index score of +4.

That's down from the downwardly revised +5 in June (originally +6).

The index for business conditions also took a hit, slipping to +8 from the downwardly revised +11 in the previous month (originally +12).

For the first half of the year, business confidence is roughly unchanged - RTT.