Original article by Roy Morgan
Market Research Update – Page: Online : 22-Jan-25

In December 2024, Roy Morgan Business Confidence was 105.9 (down 1pt from November 2024) after the Reserve Bank left interest rates unchanged at a 13-year high of 4.35%. Business Confidence is now 5.3pts below the long-term average of 111.2, although it is up 14.8pts from December 2023. Roy Morgan Business Confidence has also now had a positive rating above 100 for three months in a row – for the first time since the Albanese Government was elected in May 2022. Now 59.7% (up 1.1ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while only 37.6% (unchanged) expect ‘bad times’. Meanwhile, 40.5% (down 6.9ppts) of businesses expect the business to be ‘better off’ financially this time next year, while 21.1% (down 1.3ppts) expect the business to be ‘worse off’ financially. The latest Roy Morgan Business Confidence results for December are based on 1,533 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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