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Roy Morgan Research has reported a big 7.2 point rebound in business confidence in December:
In December 2021 Roy Morgan Business Confidence increased 7.2pts (+6.4%) to 120.2. The increase came as the country opened up with border closures ending in Queensland, Tasmania and the Northern Territory during the month in the lead-up to Christmas.
On a State-based level the big monthly increases in December were in New South Wales, up 8pts (+6.9%) to 124.6, Victoria, up 10.9pts (+10.1%) to 118.9 and Queensland, up 17pts (+17.2%) to 116.0.
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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.
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