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

In October 2025, Roy Morgan Business Confidence was virtually unchanged at 101.7. The result followed the Reserve Bank’s decision to leave interest rates unchanged in late September at 3.6%. Business Confidence is now 8.2pts below the long-term average of 109.9, and down 5pts from October 2024. Now 30.6% (down 2.8ppts) of businesses says their business is ‘better off’ financially than this time a year ago, while 34.1% (down 0.5ppts) say the business is ‘worse off’. Meanwhile, 42.2% (up 2.6ppts) of respondents expect the business will be ‘better off’ financially this time next year, while 22.3% (up 2.3ppts) expect the business will be ‘worse off’. Some 37.4% (down 1.9ppts) respondents say the next 12 months will be a ‘good time to invest’ in growing the business, while 34.9% (up 5.4ppts) say it will be a ‘bad time to invest’.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-25

In September 2025, Roy Morgan Business Confidence rose 3pts to 101.6; the increase followed the Reserve Bank’s decision to cut official interest rates by 0.25% in mid-August and the S&P/ASX200 closing at a record high above 9,000 in late August. However, Business Confidence is now 8.3pts below the long-term average of 109.9, although it is 7.3pts higher than in September 2024. Now 33.4% (up 4.9ppts) of businesses says their business is ‘better off’ financially than this time a year ago (the highest figure for this indicator so far this year), while 34.6% (down 0.8ppts) say the business is ‘worse off’. Meanwhile, 39.6% (unchanged) of respondents expect the business will be ‘better off’ financially this time next year, while 20% (down 4.3ppts) expect the business will be ‘worse off’. The latest Roy Morgan Business Confidence results for September are based on 1,198 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 10-Sep-25

In August 2025, Roy Morgan Business Confidence fell 4.4pts to 98.6, despite the Reserve Bank electing to cut interest rates by 0.25% to 3.6% at its meeting in mid-August. Business Confidence is now 11.4pts below the long-term average of 110, and it is 2.7pts lower than in August 2024. Now 28.5% (down 3.7ppts) of businesses says their business is ‘better off’ financially than this time a year ago, while 35.4% (up 1.9ppts) say the business is ‘worse off’. Meanwhile, 39.6% (down 1.3ppts) of respondents expect the business will be ‘better off’ financially this time next year, while 24.3% (up 4ppts) expect the business will be ‘worse off’. The latest Roy Morgan Business Confidence results for August are based on 1,189 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 6-Aug-25

In July 2025, Roy Morgan Business Confidence increased 0.6pts to 103.0, despite the Reserve Bank electing to leave interest rates unchanged at 3.85% amid widespread expectations of a cut to interest rates. Business Confidence is now 7pts below the long-term average of 110, although it is up 7.9pts from July 2024. Now 32.2% (up 5.8ppts) of businesses says their business is ‘better off’ financially than this time a year ago (the highest figure for this indicator so far this year), while 33.5% (down 7.1ppts) say the business is ‘worse off’. Meanwhile, 40.9% (up 1.3ppts) of respondents expect the business will be ‘better off’ financially this time next year, while 20.3% (down 1.4ppts) expect the business will be ‘worse off’. The latest Roy Morgan Business Confidence results for July are based on 1,246 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jul-25

In June 2025, Roy Morgan Business Confidence increased by 2.8pts to 102.4 in the month after the Federal Election; it is now marginally above the neutral level of 100. Business Confidence is now 7.7pts below the long-term average of 110.1, although it is up 0.9pts from June 2024. Now 26.4% (up 3.9ppts) of businesses says their business is ‘better off’ financially than this time a year ago, while 40.6% (up 4.6ppts) say the business is ‘worse off’. Meanwhile, 39.6% (up 7.3ppts) expect the business will be ‘better off’ financially this time next year, while 21.7% (down 1.8ppts) expect the business will be ‘worse off’. The latest Roy Morgan Business Confidence results for June are based on 1,215 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

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

In May 2025, Roy Morgan Business Confidence increased by 2.9pts to 99.6 in the weeks after last month’s Federal Election, although it is still marginally below the neutral level of 100. Business Confidence had dropped by 2.9 points in the weeks after the previous Federal Election in late May 2022. Business Confidence is now 10.5pts below the long-term average of 110.1, although it is up 2.6pts from May 2024. Now 22.5% (down 1.8ppts) of businesses says their business is ‘better off’ financially than this time a year ago (the lowest figure for this indicator since August 2020, during the pandemic), while 36% (down 0.7ppts) say the business is ‘worse off’. Meanwhile, 32.3% (down 3.7ppts) expect the business will be ‘better off’ financially this time next year (the lowest figure for this indicator since August 2015), while 23.5% (down 2.1ppts) expect the business will be ‘worse off’. The latest Roy Morgan Business Confidence results for May are based on 1,218 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-25

In April 2025, Roy Morgan Business Confidence was down 9.3pts to 96.7, in the weeks leading up to last weekend’s Federal Election. There was a similar trend three years ago when Business Confidence plunged by 12.8pts in the month leading up to the last Federal Election. Business Confidence is now 13.5pts below the long-term average of 110.2, although it is down a more modest 2.6pts from April 2024. Now 24.3% (down 6.6ppts) of businesses says their business is ‘better off’ financially than this time a year ago (the lowest figure for this indicator since September 2020, during the pandemic), while 36.7% (down 1.2ppts) say the business is ‘worse off’. Meanwhile, 36% (down 8.8ppts) expect the business will be ‘better off’ financially this time next year (the lowest figure for this indicator since April 2019), while 25.6% (up 8.3ppts) expect the business will be ‘worse off’ (the highest figure for this indicator since February 2024). The latest Roy Morgan Business Confidence results for April are based on 1,549 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

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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ROY MORGAN LIMITED

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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ROY MORGAN LIMITED

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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ROY MORGAN LIMITED