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

In March 2025, Roy Morgan Business Confidence was down 2.5pts to 106.0, despite the Reserve Bank cutting interest rates for the first time in over four years in mid-February. Business Confidence is now 4.3pts below the long-term average of 110.3, although it is up 7pts from March 2024. Business Confidence has now had a positive rating above 105 for six months in a row – the first time this has happened since July 2021. Now 60.7% (down 1.1ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 34.3% (down 0.8ppts) expect ‘bad times’ (the lowest figure for this indicator since February 2022). Meanwhile, 44.8% (unchanged) of businesses expect the business to be ‘better off’ financially this time next year, while only 17.3% (up 0.9ppts) expect the business to be ‘worse off’ financially. The latest Roy Morgan Business Confidence results for March 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 : 1-Feb-22

In December 2021, Roy Morgan Business Confidence increased 7.2pts (+6.4%) to 120.2. The increase came as the country opened up, with border closures ending in Queensland, Tasmania and the Northern Territory during the month in the lead-up to Christmas. On a State-based level the big monthly increases in December were in New South Wales, up 8pts (+6.9%) to 124.6, Victoria, up 10.9pts (+10.1%) to 118.9 and Queensland, up 17pts (+17.2%) to 116.0. Business Confidence in December 2021 was at its highest since the Delta wave of COVID-19 began in June 2021 (128.3). However, despite the monthly increase, Business Confidence was 3pts (-2.4%) lower than in December 2020 (123.2). Businesses grew increasingly confident about the Australian economy’s prospects in December, with 63.1% (up 7ppts from November) of businesses expecting ‘good times’ for the economy over the next year and 53.1% (up 6.5ppts) expecting ‘good times’ for the economy over the next five years.

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ROY MORGAN LIMITED