Original article by Roy Morgan
Market Research Update – Page: Online : 26-Oct-21

In October 2021, Roy Morgan Business Confidence rose 10.7pts (+10.2%) to 115.3. This is the biggest increase in Business Confidence so far during 2021 and comes as long-running lockdowns have ended in Greater Sydney, Greater Melbourne and the ACT. Business Confidence is now 16.6pts (+16.8%) higher than in October 2020 (98.7), and it is back above the long-term average of 113.8 for the first time since July 2021. Now 55.1% of businesses expecting ‘good times’ for the economy over the next 12 months, while 55% of businesses say the next 12 months is a ‘good time to invest in growing the business’. Business Confidence in October was up strongly in all six States from a year ago. The biggest increase was in South Australia, where Business Confidence increased by 46.5pts (+50%) to 139.5 to be higher than any other State. Western Australia has the second highest level of Business Confidence at 130.8, up 22.4pts (+20.7%) from a year ago; it is now over 15pts higher than the national figure of 115.3.

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