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Roy Morgan’s Business Confidence survey for August has been released, with overall confidence rebounding 1.1 points to 96.0 – the first monthly rise since April 2022:
Roy Morgan business confidence finally rebounds.
Results were mixed across the index with businesses growing more confident about longer-term prospects for the Australian economy while being more concerned about the next year and less likely to invest in growing the business in the next 12 months.
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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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