Original article by Roy Morgan
Market Research Update – Page: Online : 4-Dec-17
Business Confidence in Australia rose 1.4pts (+1.2%) to 114.1 in November 2017, according to the Roy Morgan Business Single Source survey, despite political issues for the Federal Government facing two by-elections over the next fortnight. Some 49.7% (up 1.9ppts) of businesses expect "good times" for the Australian economy over the next year, while 44.2% (down 1.6ppts) expect "bad times". Meanwhile, 44% (down 1.8ppts) of businesses say their business will be "better off" financially this time next year, while 20.3% (down 2.9ppts) expect the business to be "worse off" this time next year. The small increase in Business Confidence in November was driven by rises in confidence in industries including Finance & Insurance, Accommodation & Food services, Professional, scientific & technical and Education & training.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ