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Economic Calendar

Australia Business Sentiment Slips to 3-Month Low

Australia’s NAB Business Confidence Index fell to -8 in August 2026 from -6 in the previous month, marking the lowest reading since May. Meanwhile, business conditions slid to a six-year low, dropping below the long-run average since mid-2025, amid declines in sales, profitability, and employment. The deterioration pointed to a broad-based weakening in business activity, with firms becoming more cautious about demand and operating conditions. The survey also suggested that cost pressures remained elevated, while forward orders softened, highlighting growing headwinds to business investment and hiring. The subdued confidence and weakening conditions may reinforce expectations that the Reserve Bank of Australia will remain cautious on further policy easing, particularly as inflationary pressures remain sticky.

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