Roy Morgan Research has released its Business Confidence Survey for May, which reveals that confidence surged after the Coalition’s unexpected election victory:
Roy Morgan Business Confidence jumped 11.5pts (+11.2%) to 114.4 in May in a month in which the L-NP Government was re-elected against the expectations of many. The increase was across the whole month although the small proportion of interviews conducted after the election had a higher level of Business Confidence (118.4) than the pre-election period (113.5).
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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.
