Business Confidence in September rebounds after leadership instability

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-18

In Australia, Business Confidence rose 1.3pts (+1.2%) to 111.5 in September 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence had improved in early August before plunging late in the month following the Liberal leadership instability. Business Confidence remains 1.7pts below its level in September 2017 and 4.7pts below its long-term average of 116.2. However, Business Confidence so far during 2018 has averaged 116.0, the highest yearly average since 2014. Businesses remain largely positive, with 51% (up 0.5ppts) expecting "good times" for the Australian economy over the next five years and 48.2% (up 0.4ppts) saying now is a "good time to invest in growing the business". Roy Morgan CEO Michele Levine says that analysing Business Confidence by State shows that falls in Business Confidence in New South Wales, Victoria and Queensland have driven the overall figure down compared to a year ago. Importantly, both Victoria and New South Wales face State elections during the next six months.


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