Budget deficit saps confidence

Original article by Adam Creighton
The Australian – Page: 19 : 20-Jan-15

Roy Morgan Research’s business confidence index has fallen to its lowest level since August 2011. The index fell to 105.3 in December 2014, compared with 123 in November. Roy Morgan’s Norman Morris says business confidence was adversely affected by the Australian Government’s forecast of a $A40bn Budget deficit for 2014-15. A survey by the Australian Chamber of Commerce & Industry also shows that there has been a sharp fall in business conditions

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ROY MORGAN RESEARCH LIMITED, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, TD SECURITIES, RESERVE BANK OF AUSTRALIA

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