Original article by Roy Morgan
Market Research Update – Page: Online : 4-Jun-18

In Australia, Business Confidence fell 1.5pts (-1.3%) to 117.1 in May 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence traditionally falls in May following the Federal Budget. Business Confidence has now decreased in seven out of eight years in May, although the decline of 1.3% this year was the smallest May decline on record. Despite the overall fall in confidence, businesses are more confident about the performance of the Australian economy; 54.4% (up 1.8ppts) expect "good times" for the Australian economy over the next year, and 53% (up 1.6ppts) say the next 12 months is a "good time to invest" in growing the business. Roy Morgan CEO Michele Levine says the Federal Budget rewarded taxpayers with income tax cuts but businesses are still waiting for the Turnbull Government’s promised cut to the company tax rate from 30% to 25%. In addition to the disappointments surrounding the Federal Budget, the increase in the minimum wage will provide a further deterrent to businesses thinking of hiring young and unskilled staff and increase their endeavours to cut employment costs by implementing new and more cost-effective ways of doing business.

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ROY MORGAN LIMITED, AUSTRALIA. FAIR WORK COMMISSION

Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

In Australia, Business Confidence rose 3.2pts (+2.8%) to 118.6 in April 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence is now 2pts higher than a year ago, continuing its best start to a year since 2014. Business Confidence traditionally increases in April in the run-up to a Federal Budget, and it has now increased in five out of eight years in April. However, recent history shows that expectations are not generally met and Business Confidence has declined in six out of seven years in May. Now a record high 52.3% (up 13.6ppts) of businesses say their business is "better off" financially than this time last year, and a record high 59.4% (up 8.2ppts) say the business will be "better off" financially this time next year. Meanwhile, 52.6% (up 0.3ppts) of businesses expect "good times" for the Australian economy over the next year, and 51.6% (up 2.6ppts) expect "good times" for the economy over the next five years.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Apr-18

In Australia, Business Confidence fell 4.6pts (-3.8%) to 115.4 in March 2018, according to the latest Roy Morgan Business Single Source survey. However, Business Confidence remains 1.6pts higher than a year ago and continues its best start to a year since 2014, averaging 119.3 in the first three months of 2018. Some 52.3% of businesses (down 1ppt) now expect "good times" for the Australian economy over the next 12 months, while 40.1% (up 1ppt) expect "bad times". Meanwhile, 51.2% (up 7.7ppts) say their own business will be "better off" financially this time next year, while 17.8% (up 0.7ppt) expect the business to be "worse off" this time next year.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 18-Jan-18

In Australia, Business Confidence rose 3.3pts (+2.9%) to 117.4 in December 2017, according to the latest Roy Morgan Business Single Source survey, after the Federal Government won two critical by-elections to retain a governing majority. Businesses are the most positive heading into a new year since 2013, with 57.3% (up 3ppts) of businesses saying now is a "good time to invest in growing the business". Meanwhile, 52.2% (up 2.5ppts) of businesses expect "good times" financially over the next 12 months and 49.8% (up 5.8ppts) say the business will be "better off" financially this time next year. The large increase in Business Confidence in December was driven by rises in confidence in industries such as Manufacturing, Agriculture, forestry & fishing, Education & training, and Information media and telecommunications.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 4-Dec-17

Business Confidence in Australia rose 1.4pts (+1.2%) to 114.1 in November 2017, according to the Roy Morgan Business Single Source survey, despite political issues for the Federal Government facing two by-elections over the next fortnight. Some 49.7% (up 1.9ppts) of businesses expect "good times" for the Australian economy over the next year, while 44.2% (down 1.6ppts) expect "bad times". Meanwhile, 44% (down 1.8ppts) of businesses say their business will be "better off" financially this time next year, while 20.3% (down 2.9ppts) expect the business to be "worse off" this time next year. The small increase in Business Confidence in November was driven by rises in confidence in industries including Finance & Insurance, Accommodation & Food services, Professional, scientific & technical and Education & training.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Oct-17

Business Confidence in Australia fell 1.2pts (-1.0%) to 113.2 in September 2017, according to the Roy Morgan Business Single Source survey, as discussion continued about the mounting cost of energy heading towards the peak Summer season. Some 48.5% of businesses expect to be "better off" financially this time next year, while only 20.1% expect to be "worse off". Meanwhile, 51% of businesses now expect "good times" for the Australian economy over the next year, while 43.2% expect "bad times". The fall in Business Confidence was driven by falls in confidence in several industries, including Transport, postal & warehousing, Information, Media & Telecommunications, Finance & Insurance and Accommodation & Food services.

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ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ