Original article by Michele Levine, Roy Morgan Research
Market Research Update – Page: Online : 8-Nov-16

Business Confidence increased for the second straight month, up by 1.3pts (+1.1%) in October to 116.2 – the highest Business Confidence has been since the Federal Election in July. The most confident industries in October were the primary industries of Agriculture, forestry and fishing, Mining – which has significantly recovered from lows earlier in 2016, Education and training, Accommodation and Rental, hiring and real estate services – all significantly above the national average. Industries lagging in confidence in October include Transport, postal and warehousing, Arts and recreational services, Personal, repair and other services and the utilities of Electricity, gas, water and waste. It is no surprise to see lower business confidence in the Electricity industry given the problems with the South Australian power system and the well-anticipated recent decision to close Victoria’s Hazelwood power stations (responsible for up to 25% of Victorian baseload energy demand).

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