Original article by Roy Morgan
Market Research Update – Page: Online : 11-Dec-24

In November 2024, Roy Morgan Business Confidence was 106.9 (virtually unchanged from October) after the Reserve Bank left interest rates unchanged at a 13-year high of 4.35%. Business Confidence is now 4.3pts below the long-term average of 111.2, although it is up 21.1pts from November 2023. Business Confidence is now at its most positive rating since April 2022, and is the highest it has been since the Albanese Government was elected in May 2022. Now 58.6% (down 0.4ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while only 37.6% (up 0.8ppts) expect ‘bad times’. Meanwhile, 47.4% (up 1.4ppts) of businesses expect the business to be ‘better off’ financially this time next year, while 22.4% (up 1.8ppts) expect the business to be ‘worse off’ financially. The latest Roy Morgan Business Confidence results for November are based on 1,457 detailed interviews with a cross-section of Australian businesses from each State and Territory

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