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.
