FX.co ★ Australia’s NAB Business Confidence Slips Further in July, Signalling Softer Corporate Sentiment

Australia’s business sentiment weakened in July, with the National Australia Bank (NAB) Business Confidence index edging down to -6 from -5 in June 2026, highlighting a further deterioration in corporate mood. The latest reading, updated on 11 August 2026, suggests that businesses remain cautious as they navigate an increasingly uncertain operating environment.

The move deeper into negative territory indicates that more firms now report pessimism than optimism about near‑term economic conditions. While the decline from June’s -5 to July’s -6 is modest, the persistence of negative readings points to ongoing concerns around demand, costs, and investment prospects across key sectors. Investors and policymakers are likely to watch upcoming NAB surveys closely for signs of whether this softening confidence begins to feed through more sharply into hiring and capital expenditure plans.