Original article by Roy Morgan
Market Research Update – Page: Online : 8-Apr-19

In Australia, Business Confidence rose 1.1pts to 106.7 in March 2019, according to the latest Roy Morgan Business Single Source survey. Business Confidence is now 8.7pts below its level of March 2018 and 9.1pts below its long-term average of 115.8. In addition, the average Business Confidence during the March quarter of only 106.1 is the weakest start to a year in the history of the Index. Now 49.6% (down 1.1ppts) of businesses expect the business to be ‘better off’ financially this time next year, while just 24% (up 0.2ppts) expect the business to be ‘worse off’ financially. Meanwhile, 45.6% (up 4.9ppts) of businesses expect the Australian economy to have ‘good times’ over the next year, while 48.6% (down 4.6ppts) expect the economy to have ‘bad times’. Roy Morgan CEO Michele Levine says April and May are set to be dominated by the looming Federal Election, and the continuing political uncertainty is likely to prevent any significant moves either up or down for Business Confidence.

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