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Roy Morgan’s business confidence index has hit a 7-year high despite the ending of JobKeeper.
The index increased 3.2pts (+2.6%) to 124.0, which is the highest level since January 2014 (131.5). It is also 28.9pts higher than it was a year ago at 95.1 in March 2020, representing a 30% increase:
Roy Morgan’s business confidence index has hit a seven year high.
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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.