Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Jan-17

Roy Morgan Research’s Business Confidence fell 2.2% to 114.1 in December 2016. The fall in Business Confidence occurred even as the Australian All Ordinaries rose during December – mirroring strong rises in US indices following the victory of Donald Trump in the Presidential Election. The All Ordinaries ended 2016 at 5,719.1 (up 216.7pts (+3.9%) from November 30). This month’s fall in Business Confidence means Business Confidence is now below the 6-year average (116.6) but still above the final ANZ-Roy Morgan Consumer Confidence rating for 2016 of 113.4. Businesses are less confident about their prospects over the year ahead, with net expectations of business performance over the next 12 months down 3.3ppts to 27pts in December, and net views of whether the next 12 months will be a "good/bad time to invest" now 18.2pts (down 2.3ppts).

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