Roy Morgan business confidence crashes to 40-month low

Friday, 8 February 2019

Last week’s NAB Business Survey revealed crashing confidence and conditions, with trading, profitability and employment all plummeting:

Now Roy Morgan Research has released its Business Confidence Survey for January, which reveals that confidence has crashed to its lowest level since August 2015 and recorded the worst January reading on record:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.