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

Original article by Roy Morgan
Market Research Update – Page: Online : 13-Nov-24

In October 2024, Roy Morgan Business Confidence was 106.7 (up 12.4pts since September) as official ABS monthly inflation dropped from 3.5% in July to 2.7% in August (announced in late September) and has now fallen to only 2.1% in September (announced in late October). Business Confidence is now 4.5pts below the long-term average of 111.2, although it is up 16.3pts on October 2023. Roy Morgan Business Confidence has now improved to its most positive rating since April 2022, and is the highest it has been since the Albanese Government was elected in May 2022. Now 59% (up 6.8ppts) of businesses expect ‘good times’ for the Australian economy over the next year (the highest figure for this indicator since February 2022), while only 36.8% (down 7.9ppts) expect ‘bad times’ (the lowest figure for this indicator since February 2022). Meanwhile, 46.3% (up 5.2ppts) of businesses expect the business to be ‘better off’ financially this time next year, while 20.6% (down 4.4ppts) expect the business to be ‘worse off’ financially. The latest Roy Morgan Business Confidence results for October are based on 1,884 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-Oct-24

In September 2024, Roy Morgan Business Confidence was 94.3 (down 7pts since August), due to rising concerns about business conditions over the next 12 months after the Stage 3 income tax cuts gave a short-term boost to Business Confidence in July and August. Business Confidence is now 16.9pts below the long-term average of 111.2, although it is up 7.2pts on September 2023. Now 52.2% (down 4.2ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 44.7% (up 3ppts) expect ‘bad times’. Meanwhile, 41.1% (down 5.1ppts) of businesses expect the business to be ‘better off’ financially this time next year, while 25% (up 5.3ppts) expect the business to be ‘worse off’ financially. The latest Roy Morgan Business Confidence results for September are based on 1,480 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-Sep-24

In August 2024, Roy Morgan Business Confidence was 101.3 (up 6.2pts since July). The boost to Business Confidence came after the Stage 3 tax cuts were introduced for income taxpayers in July and the latest inflation figure dropped to 3.5%. However, Business Confidence is now 9.9pts below the long-term average of 111.2, although it is up 6.6pts on August 2023. Now 56.4% (up 7.1ppts) of businesses expect ‘good times’ for the Australian economy over the next year (the highest figure for this indicator since February 2022), while 41.7% (down 7ppts) expect ‘bad times’ (the lowest figure for this indicator since February 2022). Meanwhile, 46.2% (up 7.4ppts) of businesses expect the business to be ‘better off’ financially this time next year, while 19.7% (down 0.9ppts) expect the business to be ‘worse off’ financially (the lowest figure for this indicator since February 2022). The latest Roy Morgan Business Confidence results for August are based on 1,481 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 : 14-Aug-24

In July 2024, Roy Morgan Business Confidence was 95.1 (up 3.6pts since June). However, Business Confidence is now 16.1pts below the long-term average of 111.2, although it is up 7.6pts since July 2023. Now 49.3% (up 3.8ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 48.7% (down 2.9ppts) expect ‘bad times’. Meanwhile, 38.8% (down 5.1ppts) of businesses expect the business to be ‘better off’ financially this time next year, while 20.6% (down 4.6ppts) expect the business to be ‘worse off’ financially (the lowest figure for this indicator since May 2022). The latest Roy Morgan Business Confidence results for July are based on 1,501 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED