Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Jan-16

A Roy Morgan Business Single Source survey has found that Australian business confidence fell by 4.2 points to 114.5 in December 2015, following an 0.6 per cent decline in November. The combined drop of 4.8 points (or four per cent) over the last two months is a likely indication that the initial burst of confidence following Malcolm Turnbull becoming Prime Minister is beginning to "cool off", although business confidence remains 11.6 per cent above the level prior to his appointment. The drop in business confidence in December was mainly due to deterioration in the outlook for the Australian economy over the next 12 months, which has fallen to its lowest level since August. Despite this poor outlook for Australia over the coming year, businesses still maintain a positive attitude, with 60 per cent agreeing that the next 12 months will be a good time to invest in growing their business, well up on the 51 per cent seen in August.

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