Business Confidence virtually unchanged at 114.7 in June

Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-19

In Australia, Business Confidence rose 0.3pts (+0.3%) to 114.7 in June 2019, according to the latest Roy Morgan Business Single Source survey, after an 11.2% jump in May. Business Confidence has now increased to its highest level since May 2018 (117.1). Now 53.9% (up 9.4ppts) of businesses expect the business to be ‘better off’ financially this time next year (the highest figure for this indicator since April 2018), while just 14.1% (down 1.6ppts) expect the business to be ‘worse off’ financially this time next year (the lowest figure for this indicator since April 2016). Meanwhile, 49.5% (up 2.1ppts) of businesses expect the Australian economy to have ‘good times’ over the next year, while 39.7% (down 1.6ppts) expect the economy to have ‘bad times’. However, just 41.2% (down 10.1ppts) of businesses say the next year will be a ‘good time to invest in growing the business’, while 43.4% (up 7.4ppts) say it will be a ‘bad time to invest’.

CORPORATES
ROY MORGAN LIMITED

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