BUSINESS – AUSTRALIA

Business Confidence in September rebounds after leadership instability

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Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-18

In Australia, Business Confidence rose 1.3pts (+1.2%) to 111.5 in September 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence had improved in early August before plunging late in the month following the Liberal leadership instability. Business Confidence remains 1.7pts below its level in September 2017 and 4.7pts below its long-term average of 116.2. However, Business Confidence so far during 2018 has averaged 116.0, the highest yearly average since 2014. Businesses remain largely positive, with 51% (up 0.5ppts) expecting "good times" for the Australian economy over the next five years and 48.2% (up 0.4ppts) saying now is a "good time to invest in growing the business". Roy Morgan CEO Michele Levine says that analysing Business Confidence by State shows that falls in Business Confidence in New South Wales, Victoria and Queensland have driven the overall figure down compared to a year ago. Importantly, both Victoria and New South Wales face State elections during the next six months.

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ROY MORGAN LIMITED

Business Confidence in August hit by political uncertainty

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Sep-18

Roy Morgan Business Confidence was down 3.4 points (-3%) to 110.2 points in August. However, analysing Business Confidence throughout August shows Consumer Confidence before August 20 was 115.0 points, while it plunged to 99.5 points during the last third of the month beginning the week of the leadership challenge (August 20-31, 2018). In August, Business Confidence remained below its level of a year ago and is now 4.2 points lower than in August 2017 and 6.1 points below its long-term average of 116.3 points. However, despite now falling for four consecutive months, Business Confidence throughout the first eight months of 2018 has averaged 116.6 points – above the long-term average and the highest yearly average since 2014. Businesses remain largely positive in August with a majority of businesses, 50.5% (unchanged) expecting ‘good times’ for the Australian economy over the next five years and nearly half, 47.8%, saying now is a ‘good time to invest in growing the business’.

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ROY MORGAN LIMITED

Roy Morgan Net Trust survey shows trust is the foundation of all human connections whereas distrust destroys social cohesion – instantly

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Original article by Roy Morgan
Market Research Update – Page: Online : 31-Aug-18

Roy Morgan’s Net Trust Survey is the landmark survey which has now been conducted nine times since October 2017. It has explored in detail how the gaining and maintaining of "Trust" is key to businesses developing and growing their market share, while "Distrust" of a brand or business represents a significant problem for the business. In the latest presentation on Trust and Distrust at ABCTV’s Q&A studio in Sydney Roy Morgan CEO Michele Levine and Social Scientist Dr. Ross Honeywill explored how rising levels of "Distrust" in a business can trigger increasing customer churn, negatively impact customer acquisition and retention and is an effective "bellwether" for the sustainability of a business. To learn more about the latest results of Roy Morgan’s Net Trust Survey follow this link for access to the latest Net Trust Report.

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ROY MORGAN LIMITED

July Business Confidence down for third straight month to 113.6

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Original article by Roy Morgan
Market Research Update – Page: Online : 6-Aug-18

In Australia, Business Confidence fell 0.8pts (-0.7%) to 113.6 in July 2018, according to the latest Roy Morgan Business Single Source survey. Business Confidence has dropped below its level of a year ago for the first time in 2018 and is now 3.4pts lower than in July 2017, and 2.7pts below its long-term average of 116.3. However, despite falling for three consecutive months following the Federal Budget, Business Confidence throughout the first seven months of 2018 has averaged 117.5 – above the long-term average and the highest yearly average since 2014. Businesses remain largely positive, with 50.9% (up 4.4ppts) saying now is a "good time to invest in growing the business" and 50.5% (up 0.2ppts) expecting "good times" for the Australian economy over the next five years. Roy Morgan CEO Michele Levine says that towards the end of July there was some good news for businesses, which traditionally prefer certainty rather than uncertainty. The victories for Labor at the "Super Saturday" by-elections removed the temptation for Prime Minister Malcolm Turnbull to call an early election later this year. Turnbull has since confirmed that he plans on calling the next Federal Election in May 2019 and has re-affirmed the Government’s pledge to legislate further business tax cuts when Parliament resumes.

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ROY MORGAN LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

June Business Confidence down to 114.4

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

In Australia, Business Confidence fell 2.7pts (-2.3%) to 114.4 in June 2018, according to the latest Roy Morgan Business Single Source survey. However, it remains 2.6pts higher than a year ago and continues its best start to a year since 2014. Business Confidence traditionally falls in the months immediately following the Federal Budget and this year is no exception. Business Confidence has now decreased in six out of the last eight years in the two months following the Federal Budget (May and June). Despite the overall fall in confidence, businesses are still largely confident about the prospects for the Australian economy; 54.2% (down 0.2ppts) expect "good times" for the economy over the next 12 months and 50.3% (down 1.2ppts) expect "good times" for the economy over the next five years. Roy Morgan CEO Michele Levine says the decision by Opposition Leader Bill Shorten to support the Federal Government’s company tax cuts for any business turning over up to $50 million came too late to impact Business Confidence in June but will support Business Confidence in July and following months.

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ROY MORGAN LIMITED, AUSTRALIA. FAIR WORK COMMISSION

Who’s making banking decisions for businesses – 675,000 Australians

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Original article by Roy Morgan
Market Research Update – Page: Online : 12-Jun-18

A Roy Morgan Single Source survey shows that 675,000 Australians aged 14+ are involved in making decisions that relate to business banking and other financial services in an average 12-month period. The survey, which was carried out in the year to March 2018, also shows that 68.7% of these decision makers are full-time workers, well above their population proportion of 37.9%, while 64.7% have a diploma or degree (compared with 45.2% of the population). Other over-represented segments among these decision makers are men (56.2%, compared with 49.2% of the population), millennials (38.7%; population 22.3%) and the A/B socio-economic quintile (37.9%; population 20.0%).

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ROY MORGAN LIMITED

May Business Confidence shows usual post-Budget decline to 117.1

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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

Business Confidence strengthens to 118.6 before Federal Budget

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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

Consumer Confidence & Business Confidence start 2018 on a high

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Original article by Roy Morgan
Market Research Update – Page: Online : 16-Apr-18

Roy Morgan Business Confidence and ANZ-Roy Morgan Consumer Confidence have both begun 2018 on a high, recording their highest ratings for the March quarter in several years. Roy Morgan Business Confidence for the March quarter 2018 was recorded at 119.7, up 5.7pts on a year ago. This is the highest Business Confidence rating for the March quarter since 2014, when Business Confidence was an impressive 123.2 for the opening months of 2014. ANZ-Roy Morgan Consumer Confidence has almost matched its fellow confidence measure, recording a confidence rating of 119.4 for the March quarter 2018, up 3.2pts on a year ago. This makes 2018 the best start to a year for Consumer Confidence since the March quarter 2013, when Consumer Confidence averaged 120.6 for the first three months of that year. Roy Morgan CEO Michele Levine says the improved political performance of the Turnbull Government in the two latest Morgan Polls and the positive start to 2018 for both Roy Morgan Business Confidence and ANZ-Roy Morgan Consumer Confidence mean next month’s Federal Budget presents a clear opportunity for Treasurer Scott Morrison to set the Government on the path to a strong performance at the next Federal election.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MORGAN POLL, AUSTRALIA. DEPT OF THE TREASURY

Business Confidence down in March to 115.4

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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