Business Confidence strengthens to 118.6 before Federal Budget

Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

In Australia, Business Confidence rose 3.2pts (+2.8%) to 118.6 in April 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence is now 2pts higher than a year ago, continuing its best start to a year since 2014. Business Confidence traditionally increases in April in the run-up to a Federal Budget, and it has now increased in five out of eight years in April. However, recent history shows that expectations are not generally met and Business Confidence has declined in six out of seven years in May. Now a record high 52.3% (up 13.6ppts) of businesses say their business is "better off" financially than this time last year, and a record high 59.4% (up 8.2ppts) say the business will be "better off" financially this time next year. Meanwhile, 52.6% (up 0.3ppts) of businesses expect "good times" for the Australian economy over the next year, and 51.6% (up 2.6ppts) expect "good times" for the economy over the next five years.


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