{"id":19398,"date":"2019-11-12T07:16:09","date_gmt":"2019-11-12T07:16:09","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=19398"},"modified":"2019-11-12T07:16:09","modified_gmt":"2019-11-12T07:16:09","slug":"business-confidence-sags","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/","title":{"rendered":"Business confidence sags"},"content":{"rendered":"<p>Australian business confidence is sagging, according to the latest Roy Morgan poll, signaling the end of the post-election bounce*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-11-12-roymorgan.png?w=525&#038;ssl=1\" alt=\"Roy Morgan Poll results October 2019\" \/><\/p>\n<p><em>Source: Roy Morgan Business Single Source, Dec 2010-Oct 2019. Average monthly sample over the last 12 months=912.<\/em><\/p>\n<blockquote>\n<ul>\n<li>A decreasing number of businesses (40.7%, down 5.8ppts) expect the Australian economy to have \u2018good times\u2019 economically over the next year while 52.4% (up 4.2ppts) expect \u2018bad times\u2019;<\/li>\n<li>In addition, just 44.1% (down 7ppts) of businesses expect \u2018good times\u2019 for the Australian economy over the next five years and 45.9% (up 2.9ppts) now expect \u2018bad times\u2019.<\/li>\n<\/ul>\n<\/blockquote>\n<p>RBA interest rate cuts don&#8217;t seem to be working.<\/p>\n<p>A similar picture is emerging in the US, where CEO confidence is near recession levels.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-11-12-ceo-confidence.jpeg?w=525&#038;ssl=1\" alt=\"CEO Confidence Levels\" \/><\/p>\n<p>CEO confidence affects hiring and investment decisions and is an important leading indicator for GDP and earnings growth.<\/p>\n<p><em>*Hat tip to Macrobusiness.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian business confidence is sagging, according to the latest Roy Morgan poll, signaling the end of the post-election bounce*. Source: Roy Morgan Business Single Source, Dec 2010-Oct 2019. Average monthly sample over the last 12 months=912. A decreasing number of businesses (40.7%, down 5.8ppts) expect the Australian economy to have \u2018good times\u2019 economically over the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Business confidence sags&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,3761,33],"tags":[4157],"class_list":["post-19398","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-gdp-and-activity","category-uk-europe-countries-regions","tag-ceo-confidence"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business confidence sags - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business confidence sags - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Australian business confidence is sagging, according to the latest Roy Morgan poll, signaling the end of the post-election bounce*. Source: Roy Morgan Business Single Source, Dec 2010-Oct 2019. Average monthly sample over the last 12 months=912. A decreasing number of businesses (40.7%, down 5.8ppts) expect the Australian economy to have \u2018good times\u2019 economically over the &hellip; Continue reading &quot;Business confidence sags&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-12T07:16:09+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/2019-11-12-roymorgan.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Business confidence sags\",\"datePublished\":\"2019-11-12T07:16:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/\"},\"wordCount\":135,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2019-11-12-roymorgan.png\",\"keywords\":[\"CEO confidence\"],\"articleSection\":[\"Australia &amp; NZ\",\"GDP and Activity\",\"UK &amp; Europe\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/\",\"name\":\"Business confidence sags - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2019-11-12-roymorgan.png\",\"datePublished\":\"2019-11-12T07:16:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2019-11-12-roymorgan.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/2019-11-12-roymorgan.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/12\/business-confidence-sags\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business confidence sags\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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The index is approaching levels only seen during the 2008 global financial crisis and 2020 COVID pandemic. The ANZ-Roy Morgan Consumer Confidence Index similarly recorded a 3.7% drop in the past two\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Westpac Melbourne Institute Index of Consumer Sentiment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-12-aus-sentiment.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-12-aus-sentiment.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-12-aus-sentiment.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":28639,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/02\/australia-inflation-coming\/","url_meta":{"origin":19398,"position":1},"title":"Australia: Inflation coming","author":"Colin Twiggs","date":"November 2, 2021","format":false,"excerpt":"The latest Roy Morgan consumer survey shows Australians expect inflation of 4.8% annually over the next two years, up 0.3% points, and the highest in seven years. 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Rising Trend Index troughs signal buying pressure. The ASX 300 Metals & Mining climbed off the floor after an extended test of primary support at 5600. Boosted by an upsurge\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":20648,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/06\/03\/australia-expects-first-recession-since-91\/","url_meta":{"origin":19398,"position":4},"title":"Australia expects first recession since &#8217;91","author":"Colin Twiggs","date":"June 3, 2020","format":false,"excerpt":"Westpac's latest report on the Q1 national accounts warns that the Australian economy is likely to tip into recession in the next quarter: Activity in the Australian economy contracted by 0.3% in the March quarter of 2020, broadly in line with market expectations, slowing annual growth to 1.4% from 2.2%.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56762,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/08\/17\/asx-200-boosted-by-strong-financials\/","url_meta":{"origin":19398,"position":5},"title":"ASX 200 boosted by strong Financials","author":"Colin Twiggs","date":"August 17, 2024","format":false,"excerpt":"Buoyed by the prospect of lower US interest rates, the ASX 200 broke resistance at 7900, signaling another test of the recent high at 8100. Financials led the way with a strong rally above 8000, boosted by strong earnings from Commonwealth (CBA) and earlier Westpac (WBC). However, Metals & Mining\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-16-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-16-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-16-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=19398"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19398\/revisions"}],"predecessor-version":[{"id":19404,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19398\/revisions\/19404"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=19398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=19398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=19398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}