Original article by Roy Morgan
Market Research Update – Page: Online : 10-Jul-24

In June 2024, Roy Morgan Business Confidence was 91.5 (down 5.5pts since May), the second straight monthly fall and its lowest level so far this year. Business Confidence is now 19.7pts below the long-term average of 111.2, although it is up 2.7pts since June 2023. Now 45.5% (down 6.5ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 51.6% (up 6.6ppts) expect ‘bad times’. Meanwhile, only 36.1% (down 1.9ppts) 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 40.7% (also down 1.9ppts) say the next 12 months will be a ‘bad time to invest’. The latest Roy Morgan Business Confidence results for June are based on 1,455 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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