Roy Morgan business confidence hits 7-year high

Advertisement

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 business confidence

Roy Morgan’s business confidence index has hit a seven year high.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
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.