Original article by Michele Levine, Roy Morgan Research
Market Research Update – Page: Online : 6-Dec-16

Business Confidence increased for the third straight month, up by 0.5pts (+0.4%) in November to 116.7. This is the highest Business Confidence has been since the Federal Election in July when the Turnbull Government was returned with a majority of only one seat. Analysing the movement of Business Confidence across the States in November shows a strong increase in Queensland being the main driver of this month’s increase – now clearly above the national average along with a slight improvement in Victoria while Tasmania continues to have the highest Business Confidence of any State. In contrast Business Confidence is virtually unchanged in Australia’s largest State of New South Wales and is down significantly in the mining State of Western Australia – now clearly the lowest of any State. Business Confidence in South Australia also fell for the second straight month following the State’s widespread blackout in late September and is now in line with the national average. In terms of industries, the most confident industries in November were the Retail trade industry heading into the most important time of the year over the Christmas-New Year’s sales period, Accommodation and food services which also traditionally benefits from the Summer holiday period and Public administration, safety and security – all of these industries were more than 10% above the national average.

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