Original article by Roy Morgan
Market Research Update – Page: Online : 8-May-24

In April 2024, Roy Morgan Business Confidence was 99.3 (up 1.3pts since March 2024), marginally below the neutral level of 100. Business Confidence is now 11.9pts below the long-term average of 111.2; however, Business Confidence is up 9.1pts since March 2023. Now 52.1% (up 8.2ppts) of businesses expect ‘good times’ for the economy over the next year, while 44% (down 10.3ppts) expect ‘bad times’ – the best results for these indicators since April 2022. In contrast, a record low proportion of businesses, 29.3% (down 9.6ppts) expect ‘good times’ for the Australian economy over the next five years, while 60.5% (up 6.4ppts) expect ‘bad times’ over the longer-term. The latest Roy Morgan Business Confidence results for April are based on 1,986 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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