FX.co ★ Australian NAB Business Confidence Rebounds in May, But Sentiment Remains Negative

Australia’s NAB Business Confidence index showed a notable improvement in May 2026, rising to -14 from April’s deeply negative reading of -24, according to data updated on 9 June 2026. While the indicator remains below zero—signaling that pessimists still outnumber optimists across the corporate sector—the 10-point jump suggests that sentiment is stabilizing after a weaker April.

The move from -24 to -14 indicates that businesses are becoming less downbeat about operating conditions and the outlook, even though they have not yet shifted into positive territory. The negative level of the index underscores ongoing concerns about demand, costs, or broader economic uncertainty, but the direction of change points to easing pessimism as firms reassess prospects heading into the second half of 2026.

Market participants and policymakers are likely to view the May reading as an early sign that business confidence may be turning a corner, while remaining cautious about the still-fragile mood. Further monthly improvements will be needed to confirm a sustained trend away from the pronounced weakness seen in April.