Original article by Roy Morgan
Market Research Update – Page: Online : 12-Feb-25

In January 2025, Roy Morgan Business Confidence was 108.2 (up 2.3pts from December 2024), as the prospects of interest rate cuts in the next few months increased. Business Confidence is just 2.1pts below the long-term average of 110.3, although it is up 15pts from January 2024. Business Confidence has also now had a positive rating above 100 for four months in a row – the first time this has happened since the Albanese Government was elected in May 2022. Now 58.6% (down 1.1ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 35.8% (down 1.8ppts) expect ‘bad times’ (the lowest figure for this indicator for three years since February 2022). Meanwhile, 43.7% (up 3.2ppts) of businesses expect the business to be ‘better off’ financially this time next year, while only 15.1% (down 6ppts) expect the business to be ‘worse off’ financially (the lowest figure for this indicator since October 2021). The latest Roy Morgan Business Confidence results for December are based on 1,594 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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