Business confidence weakens in October – lowest since June

Original article by Roy Morgan Research
Market Research Update – Page: Online : 11-Nov-14

The latest Roy Morgan Business Single Source survey has found that Australian business confidence fell by eight points to 114.9 in October 2014. Business confidence is now at its lowest level since June 2014, and below the four-year average. It is also 21.4 points below the peak of 136.3 in October 2013. Roy Morgan Research’s Norman Morris notes that the proportion of businesses that expect to be better off financially in the next 12 months has fallen to 33 per cent, compared with 47 per cent in January

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ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA

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