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Roy Morgan Research has released its business confidence survey for February, which reported its “highest three-month average sentiment since January to March 2014”.
Business confidence rose 0.3pts (+0.2%) to 120.8 in February to be 7.3pts above the long-term average of 113.5 (see next chart).
Roy Morgan’s business confidence index has recorded its highest three-month average since January – March 2014.
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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.