Business Confidence post-election bounce continues

Original article by Roy Morgan
Market Research Update – Page: Online : 10-Sep-19

Roy Morgan Business Confidence was up 0.3pts (+0.3%) to 114.3 in August. Business Confidence has now averaged 114.4 over the last three months, which is up 1.7pts (+1.5%) since the same period a year ago. The small increase was driven by an increasing number of businesses saying the next year is a ‘good time to invest in growing the business’, up 4.4ppts to 53.1%, and an increasing majority of businesses, 54.1% (up 2.1ppts), expecting ‘good times’ for the Australian economy over the next five years. The improvement for Business Confidence over the last four months means the index is now virtually level with the latest weekly ANZ-Roy Morgan Consumer Confidence, which was at 114.4 on August 31/September 1, 2019. Business Confidence in August 2019 is now 4.1pts above its level of a year ago in August 2018 but is still 1.3pts below its long-term average of 115.


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