Advertisement
Roy Morgan Research’s business confidence survey for December has reported booming conditions, with confidence surging to a three year high:
In December 2020 Roy Morgan Business Confidence jumped 14.1pts (+12.9%) to 123.2 – the highest monthly reading for three years since January 2018 (123.5). Business Confidence has now increased a record 37.6pts (+43.9%) over the last three months.
In good news an increasing majority of businesses, 59.7% (up 1.8ppts), said the next 12 months is a ‘good time to invest in growing the business’ – the highest figure for this indicator for over seven years since October 2013.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.