Original article by Roy Morgan
Market Research Update – Page: Online : 16-Mar-22

In February 2022, Roy Morgan Business Confidence rose 19pts (+18.7%) to 120.5. This is the biggest monthly increase during the pandemic and essentially returns Business Confidence to its pre-Omicron level. There were positive moves across all aspects of the index; now 62.3% of businesses say they expect ‘good times’ for the Australian economy over the next year, while 53.1% of businesses say that the next 12 months will be a ‘good time to invest in growing the business’. On a State-based level there were large monthly increases across the board in February led by Victoria, up a large 29.5pts (+30.6%) to 125.7, South Australia, up 25pts (+25.7%) to 122.5, Queensland, up 17pts (+18.3%) to 109.5 and Western Australia, up 14.6pts (+12.6%) to 130.4 – once again the highest Business Confidence in the nation as the State prepared to fully re-open its borders in early March. Business Confidence has risen to its highest level since the start of the ‘Delta wave’ of COVID-19 in June 2021 (128.3).

CORPORATES
ROY MORGAN LIMITED