Original article by Roy Morgan
Market Research Update – Page: Online : 19-Jun-24

In May 2024, Roy Morgan Business Confidence was 97.0 (down 2.3pts since April 2024) and still just marginally below the neutral level of 100. Business Confidence is now 14.2pts below the long-term average of 111.2, although it is up 6.7pts since May 2023. Now 52% (down 0.1ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 45% (up 1ppt) expect ‘bad times’. Meanwhile, only 38% (down 3ppts) of businesses say the next 12 months will be a ‘good time to invest’ in growing the business (the lowest figure for this indicator since the early days of the pandemic in April 2020), while 42.6% (up 6.1ppts) say the next 12 months will be a ‘bad time to invest’. The latest Roy Morgan Business Confidence results for May are based on 1,513 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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