Original article by Roy Morgan
Market Research Update – Page: Online : 5-Oct-22

In September 2022, Roy Morgan Business Confidence rose 4.7pts to 100.7, the first time the index has increased in consecutive months so far this year. The index is now back in positive territory and at its highest since April 2022, before the Reserve Bank started raising interest rates in early May. However, Business Confidence is 12.5pts below the long-term average of 113.2. Some 43.6% (up 3.8ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 54.2% (down 4.1ppts) expect ‘bad times’. Meanwhile, 44.4% (up 0.9ppts) of businesses expect the business will be ‘better off’ financially this time next year, while 24.5% (down 2.4ppts) expect the business will be ‘worse off’. Businesses are split on whether to invest in growing their business; 44.8% (up 1.3ppts) say the next 12 months will be a ‘good time to invest in growing the business’, while 46.6% (down 2.8ppts) said it will be a ‘bad time to invest’ in growing the business.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 3-Aug-22

In July 2022, Roy Morgan Business Confidence fell 2.4pts to 94.9. This is the third straight monthly fall and the first time the index fell for three straight months since the long lockdowns in New South Wales and Victoria in August 2021. Business Confidence is now at its lowest since September 2020 (85.6), and 18.5pts below the long-term average of 113.4. The monthly decline in Business Confidence was driven by a fall in confidence about the prospects for the Australian economy over the next five years, with only 37.6% of businesses now expecting ‘good times’ for the economy over the next five years, down 2ppts from a month ago. Meanwhile, 41.4% (down 0.1ppts) expect the business to be ‘better off’ this time next year and 38.8% (up 0.2ppts) say the business is ‘better off’ financially than this time a year ago.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 16-Mar-22

In February 2022, Roy Morgan Business Confidence rose 19pts (+18.7%) to 120.5. This is the biggest monthly increase during the pandemic and essentially returns Business Confidence to its pre-Omicron level. There were positive moves across all aspects of the index; now 62.3% of businesses say they expect ‘good times’ for the Australian economy over the next year, while 53.1% of businesses say that the next 12 months will be a ‘good time to invest in growing the business’. On a State-based level there were large monthly increases across the board in February led by Victoria, up a large 29.5pts (+30.6%) to 125.7, South Australia, up 25pts (+25.7%) to 122.5, Queensland, up 17pts (+18.3%) to 109.5 and Western Australia, up 14.6pts (+12.6%) to 130.4 – once again the highest Business Confidence in the nation as the State prepared to fully re-open its borders in early March. Business Confidence has risen to its highest level since the start of the ‘Delta wave’ of COVID-19 in June 2021 (128.3).

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 10-Feb-22

In January 2022, Roy Morgan Business Confidence fell by 18.7pts (-15.6%) to 101.5. This is the biggest monthly plunge in the index in points during the pandemic and the largest fall in percentage terms since April 2020, when the index dropped 18.2pts (-19.1%). The plunge in January came as the Omicron variant swept Australia causing the infection of over 2 million Australians and forcing millions more into isolation for being close contacts of confirmed cases. The disruption to businesses caused problems throughout the economy and led to breakdowns in supply chains which are only now being gradually rectified. On a State-based level there were monthly decreases across the board in January; this was led by NSW, down 17.1pts (-13.7%) to 107.6. Despite the large fall in January, Business Confidence remains marginally in positive territory above the neutral level of 100. However, Business Confidence has fallen to the same level it was at during the middle of the ‘Delta wave’ in August 2021 (101.5) and is now well below the long-term average of 113.7.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 26-Oct-21

In October 2021, Roy Morgan Business Confidence rose 10.7pts (+10.2%) to 115.3. This is the biggest increase in Business Confidence so far during 2021 and comes as long-running lockdowns have ended in Greater Sydney, Greater Melbourne and the ACT. Business Confidence is now 16.6pts (+16.8%) higher than in October 2020 (98.7), and it is back above the long-term average of 113.8 for the first time since July 2021. Now 55.1% of businesses expecting ‘good times’ for the economy over the next 12 months, while 55% of businesses say the next 12 months is a ‘good time to invest in growing the business’. Business Confidence in October was up strongly in all six States from a year ago. The biggest increase was in South Australia, where Business Confidence increased by 46.5pts (+50%) to 139.5 to be higher than any other State. Western Australia has the second highest level of Business Confidence at 130.8, up 22.4pts (+20.7%) from a year ago; it is now over 15pts higher than the national figure of 115.3.

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ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 29-Sep-21

In September 2021, Roy Morgan Business Confidence rose 3.1pts (+3.1%) to 104.6. Business Confidence has increased for the first time since May, following the outlining of re-opening plans in September in both NSW and Victoria. Business Confidence is 19pts (+22.2%) higher than in September 2020 (85.6); however, Business Confidence is now 9.2pts below the long-term average of 113.8. Businesses grew increasingly confident about the performance of the Australian economy, with of 50.4% of businesses expecting ‘good times’ for the economy over the next 12 months. In addition, 47.4% of businesses say the next 12 months is a ‘good time to invest in growing the business’. Business Confidence in September was widely divergent amongst the Australian States although all six were up strongly on a year ago. Western Australia has by far the highest Business Confidence at 135.4, up 26.5pts (+23.4%) from a year ago and is now over 30pts higher than the national figure of 104.6. The latest Roy Morgan Business Confidence results for September are based on 1,417 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 : 1-Sep-21

In August 2021, Roy Morgan Business Confidence fell 15.7pts (-13.4%) to 101.5. Despite the fall Business Confidence is 18.4pts (+18.1%) higher than a year ago (83.1), but it is 12.3pts below the long-term average of 113.8. Despite the third straight monthly fall in August, Business Confidence has now averaged 120.9 during the first eight months of 2021, which is still the best ever start to a year for the Index. Business Confidence was down in all six Australian States, but it is still lowest in New South Wales. Some 46.2% (down 13.7ppts) of businesses now expect ‘good times’ for the Australian economy over the next 12 months, while 51.2% (up 13.7ppts), expect ‘bad times’ (the highest figure for this indicator since October 2020). Meanwhile, 47.9% (down 4.4ppts) say the next 12 months is a ‘good time to invest in growing the business’ (the lowest figure for this indicator since September 2020), while 43.4% (up 5.4ppts) said it will be a ‘bad time to invest’. The latest Roy Morgan Business Confidence results for August are based on 1,301 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 : 4-Aug-21

In July 2021, Roy Morgan Business Confidence plunged 11.1pts (-8.7%) to 117.2. Despite the fall, Business Confidence is 32.9pts (+39%) higher than a year ago (84.3), and it is 3.3pts above the long-term average of 113.9. Business Confidence has now averaged 123.6 during the first seven months of 2021, the best ever start to a year for the Index. The reading of 117.2 for July is also the highest level of Business Confidence in the mid-Winter month since July 2014 (119.1). Some 59.9% of businesses now expect ‘good times’ for the Australian economy over the next 12 months, and 52.3% say the next 12 months is a ‘good time to invest in growing the business’. The latest Roy Morgan Business Confidence results for July are based on 1,341 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED