Original article by Roy Morgan
Market Research Update – Page: Online : 5-Oct-22

In September 2022, Roy Morgan Business Confidence rose 4.7pts to 100.7, the first time the index has increased in consecutive months so far this year. The index is now back in positive territory and at its highest since April 2022, before the Reserve Bank started raising interest rates in early May. However, Business Confidence is 12.5pts below the long-term average of 113.2. Some 43.6% (up 3.8ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 54.2% (down 4.1ppts) expect ‘bad times’. Meanwhile, 44.4% (up 0.9ppts) of businesses expect the business will be ‘better off’ financially this time next year, while 24.5% (down 2.4ppts) expect the business will be ‘worse off’. Businesses are split on whether to invest in growing their business; 44.8% (up 1.3ppts) say the next 12 months will be a ‘good time to invest in growing the business’, while 46.6% (down 2.8ppts) said it will be a ‘bad time to invest’ in growing the business.

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