FX.co ★ Australian NAB Business Confidence Weakens Further in October

Australia’s NAB Business Confidence index slid deeper into negative territory in October, signaling mounting pessimism among firms about the economic outlook. The indicator fell to -15 in October 2026, down from -13 in September 2026, according to data updated on 10 November 2026.

The back-to-back declines suggest that Australian businesses are increasingly wary about future conditions, with sentiment remaining firmly below the neutral level. While the data do not detail sector-specific drivers, the further deterioration points to heightened caution around investment, hiring, and forward planning as companies navigate an uncertain environment.