Original article by Roy Morgan
Market Research Update – Page: Online : 6-Aug-19

In Australia, Business Confidence eased 0.7pts (-0.6%) to 114.0 in July 2019, according to the latest Roy Morgan Business Single Source survey. Business Confidence has now averaged 114.4 over the last three months, after an 11.2% jump in May. Business Confidence is now 0.4pts above its level of July 2018, but 1.6pts below its long-term average of 115.6. Now 53.9% (unchanged) of businesses expect the business to be ‘better off’ financially this time next year (the equal highest figure for this indicator since April 2018), while 19.8% (up 5.7ppts) expect the business to be ‘worse off’ financially this time next year. Meanwhile, 49.1% (down 0.4ppts) of businesses expect the Australian economy to have ‘good times’ over the next year, while 43.2% (up 3.5ppts) expect the economy to have ‘bad times’. However, 48.7% (up 7.5ppts) of businesses say the next year will be a ‘good time to invest in growing the business’, while only 38.9% (down 4.5ppts) say it will be a ‘bad time to invest’.

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