Business Confidence up for third straight month to 113.8 in November

Original article by Roy Morgan
Market Research Update – Page: Online : 3-Dec-18

In Australia, Business Confidence rose 0.7pts (+0.6%) to 113.8 in November 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence has continued a rebound which began following the Liberal leadership instability in late August. Business Confidence is now above where it was in July (113.6), prior to the leadership challenge, for the first time. Business Confidence so far during 2018 has averaged 115.6, the highest yearly average since 2014. Businesses are largely positive, with 51.1% (up 5.9ppts) expecting the business to be ‘better off financially’ this time next year and 51.8% (up 2.3ppts) expecting ‘good times’ for the Australian economy over the next five years. Roy Morgan CEO Michele Levine says there is rising confidence across a broad number of industries compared to this time a year ago.


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