Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jun-19

In Australia, Business Confidence rose 11.5pts (+11.2%) to 114.4 in May 2019, according to the latest Roy Morgan Business Single Source survey, in a month in which the L-NP Government was re-elected against the expectations of many. The increase was across the whole month, although the small proportion of interviews conducted after the election had a higher level of Business Confidence (118.4) than the pre-election period (113.5). The jump in Business Confidence in May is the biggest monthly increase since a 14.7pt (+12.3%) jump to 134.3 in September 2013, when the L-NP Government was first elected. Business Confidence is now only 2.7pts below its level in May 2018 and 1.3pts less than its long-term average of 115.7. Now 44.5% (up 9.3ppts) of businesses expect the business to be ‘better off’ financially this time next year, while just 15.7% (down 6.1ppts) expect the business to be ‘worse off’ financially. Meanwhile, 47.4% (up 6.4ppts) of businesses expect the Australian economy to have ‘good times’ over the next year, while 41.3% (down 6.6ppts) expect the economy to have ‘bad times’. Now 51.3% (up 3.6ppts) of businesses also say the next year will be a ‘good time to invest in growing the business’, while 36% (down 2.9ppts) say it will be a ‘bad time to invest’ (the lowest figure for this indicator since February 2018).

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