From Roy Morgan Research:
This month, October 2021, Roy Morgan Business Confidence increased 10.7pts (+10.2%) to 115.3. This is the biggest increase in Business Confidence so far during 2021 and comes as long-running lockdowns have ended in Greater Sydney, Greater Melbourne and the ACT. Business Confidence is a significant 16.6pts (+16.8%) higher than a year ago in October 2020 (98.7).
Business Confidence in October 2021 was back above the long-term average of 113.8 for the first time since July 2021. Businesses grew increasingly confident about the performance of the Australian economy with a majority of 55.1% of businesses expecting ‘good times’ for the economy over the next 12 months and a similar majority of 55% say the next 12 months is a ‘good time to invest in growing the business’.
