Australian business confidence weakened in October, according to the latest NAB Business Confidence data released on 10 November 2026. The reading came in at -15, down from -14 in the previous period. A reading below zero means more firms expect conditions to worsen than improve.
What the figure measures
The NAB Business Confidence index tracks how businesses feel about their own trading conditions, hiring and costs over the coming months. Negative values indicate pessimism outweighs optimism among the firms surveyed.
The October reading was lower than the previous period, moving the index one point further into negative territory. The data covers the reference period of October 2026.
Source: NAB
