Business Confidence up 1.4pts in November to 114.1

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.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s