Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Nov-15

A Roy Morgan Business Single Source survey has found that Australian business confidence rose by 5.8 per cent to 119.3 in October 2015, to the highest level since November 2014. This improvement in confidence was generally expected initially as a result of Malcolm Turnbull becoming Prime Minister, but it has strengthened further in October to be 16.3 per cent higher than prior to the leadership change in August. Roy Morgan Business Confidence is now above the five-year average of 116.9 and higher than 12 months ago (114.9). The increase in business confidence in October was a result of improvements across all components of the index. The strongest gains were in how businesses feel about the economy over the next 12 months and five years, and the encouragement this would give them to invest in their business, which is now at the highest level for the year.

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