Original article by Roy Morgan
Market Research Update – Page: Online : 6-Dec-23

In November 2023, Roy Morgan Business Confidence was 85.8 (down 4.6pts since October). Business Confidence has now spent a record 10 consecutive months below the neutral level of 100, the longest stretch in negative territory in the history of the index dating back to 2010. Business Confidence is now 25.5pts below the long-term average of 111.3. Businesses are worried about the performance of the Australian economy, with 64% expecting ‘bad times’ for the economy over the next year and 61% expecting ‘bad times’ for the economy over the next five years. Nevertheless, businesses remain relatively positive about their own prospects over the next year; 37.1% say they will be ‘better off’ financially this time next year, compared to only 27.0% that say they will be ‘worse off’ – a positive net rating of 10.1% points and still the only index in positive territory. The Roy Morgan Business Confidence results for November are based on 1,519 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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