FX.co ★ Australia’s NAB Business Confidence Turns Negative in February

Australia’s NAB Business Confidence index slipped back into negative territory in February 2026, signaling a deterioration in sentiment among businesses. The index fell to -1 in February from 4 in January, according to data updated on 10 March 2026.

The five-point swing suggests that firms have become more cautious about the near-term economic outlook. A reading below zero typically indicates that pessimistic responses outweigh optimistic ones, pointing to increasing concern over conditions such as demand, costs, or future profitability within the Australian business sector.

While the January 2026 result at 4 implied modest optimism, February’s move to -1 highlights a shift in mood that investors and policymakers will be watching closely for signs of broader weakness or a potential slowdown in business activity across the economy.