Business Confidence ended 2019 at an eight-month low of 104.5

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Jan-20

In Australia, Business Confidence fell 3.9pts (-3.6%) to an eight-month low of 104.5 in December 2019, according to the latest Roy Morgan Business Single Source survey. Business Confidence is now 7.7pts lower than a year ago, and 10.8pts below the long-term average of 115.3. Only 40.3% (down 4.5ppts) of business leaders expect the Australian economy will have ‘good times’ in 2020, and just 42.2% (down 4.3ppts) expect ‘good times’ for the economy over the next five years. Meanwhile, Business Confidence was at 106.3 in the December quarter, down 6.8pts on a year ago but virtually unchanged from the March quarter (106.1). The boost given to Business Confidence following the Federal Election in May has well and truly worn off. Business Confidence was up on a year ago in only two States, WA and Tasmania, which now have the highest ratings among the States. The latest Roy Morgan Business Confidence results for December are based on 979 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

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