Original article by Roy Morgan
Market Research Update – Page: Online : 9-Apr-26

In March 2026, Roy Morgan Business Confidence rose 2.1pts to 90.7, recovering slightly from its lowest level since 2024. The small increase in March came after large consecutive falls in January (down 7.6 points) and February (down 8.8 points), and the index remains well below the neutral level of 100. Business Confidence is now 18.8pts below the long-term average of 109.5, and down 15.3 points from a year ago. Now 25.3% (up 0.6ppts) of respondents say their business is ‘better off’ financially than a year ago, while 38.1% (down 3.2ppts) say the business is ‘worse off’. Just 35.6% (down 1.6ppts) of respondents expect the business to be ‘better off’ financially this time next year, while 21.2% (down 3.6ppts) expect the business to be ‘worse off’. Meanwhile, 31.6% (down 2.2ppts) of respondents say the next 12 months will be a ‘good time to invest’ in growing the business (a record low figure for this indicator), while 43.1% (up 2.1ppts) say the next 12 months will be a ‘bad time to invest’.

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ROY MORGAN LIMITED

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