NAB business conditions turn negative for first time since 2020, survey shows
NAB’s Q3 2026 business survey showed conditions slipped into contraction, with the conditions index down 3 points to -2. Confidence improved from the prior quarter’s slump, rising 8 points to -11, still well below the long-run average. Profitability weakened as sales margins fell 4 points to -20, the lowest level since