Following NAB’s big bounce in business confidence yesterday:
Roy Morgan has released its business confidence survey for October, which also reveals a big bounce:
In October 2020 Roy Morgan Business Confidence jumped 13.1pts (+15.3%) to 98.7 – the highest monthly reading for over eight months since February 2020 (104.6). The recovery in Business Confidence in October means the index has performed an unprecedented near-perfect ‘W’ pattern over the last nine months.
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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.
