Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Jul-17

Business Confidence in Australia fell 2pts (-1.8%) to 111.8 in June, according to the Roy Morgan Business Single Source survey. Business Confidence declined on the back of falling expectations of the Australian economy, with fewer businesses expecting "good times" for the economy in both the short-term and the long-term. Some 46.9% (down 6.3ppts) of businesses expect "good times" for the economy over the next year and 49.6% (down 0.9ppts) expect "good times" for the economy over the next five years. Meanwhile, 46% (up 5.2ppts) of businesses expect "bad times" for the economy over the next year and 42.5% (up 2.4ppts) expect "bad times" for the economy over the next five years. Roy Morgan Research CEO Michele Levine says the back-to-back declines for Business Confidence over the past two months has seen Business Confidence dip below the ANZ-Roy Morgan Australian Consumer Confidence rating for the first time since early March.

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