Business owners, Professionals and Managers have swung decisively behind the new Turnbull Government – with the L-NP vote now 61.5% (up 12.5% from pre-Turnbull) cf. ALP 38.5% (down 12.5%); and Confidence for this group of Business owners, Professionals and Managers has increased to 118.6 (up 5.2pts pre-Turnbull), according to a special analysis of business people using data from Roy Morgan Single Source. 805 Business Owners, Professionals and Managers were interviewed in the five weeks before Malcolm Turnbull became Prime Minister and 777 were interviewed over the five weeks after Malcolm Turnbull became Prime Minister to arrive at these figures.
Business owners, Professionals and Managers have swung decisively behind the new Turnbull Government – with the L-NP vote now 61.5% (up 12.5% from pre-Turnbull) cf. ALP 38.5% (down 12.5%); and Confidence for this group of Business owners, Professionals and Managers has increased to 118.6 (up 5.2pts from pre-Turnbull), according to a special analysis of business people using data from Roy Morgan Single Source.
In addition the Roy Morgan survey of businesses shows real Business Confidence has increased from 102.6 in August to 119.3 in October – a strong increase following Turnbull’s ascension to the Prime Ministership.
Today the online Australian selectively reported the NAB Business Confidence poll that claims Business Confidence is down since Malcolm Turnbull took over leadership - this is far from the truth and only serves to destabilise the new Turnbull leadership or cast doubt on the Coalition tax reform discussions.
For years the business community has been calling for tax reform and a complete review (not piecemeal) of the Australian taxation system. It is unbelievable and inconceivable to think business has now lost confidence because Malcolm Turnbull and new Treasurer Scott Morrison are reviewing tax and ‘everything including GST is on the table’.
The NAB Business Confidence survey (sample and methodology undisclosed) reporting a drop in Business Confidence is either a 'rogue poll', based on wrong questions or perhaps represents a very unrepresentative sample of the business community – NAB disenchanted customers?
Gary Morgan says:
“It is impossible to stop ‘organisations’ conducting ‘questionable’ polls - sometimes ill-conceived and too often completely self-serving or even mischievous polls. However, it is a disgrace when Australia’s national news services 'selectively report' only such polls.
“Australia’s media has a critical role to play in keeping the Australian people informed. Australia’s major media is concentrated and controlled by too few – probably soon to be fewer! This makes the ethics of journalists and media owners even more important. Good governance dictates journalists must be briefed to report all facts honestly – not report ‘selectively’ to support their own opinion.”
The latest ANZ-Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.
805 Business Owners, Professionals and Managers were interviewed in the five weeks before Malcolm Turnbull became Prime Minister and 777 were interviewed over the five weeks after Malcolm Turnbull became Prime Minister to arrive at these figures.
Click here to purchase the ANZ-Roy Morgan Consumer Confidence – Monthly Detailed Report in Australia.
Click here to purchase the Business Confidence – Monthly Detailed Report in Australia.
Click here to purchase the Consumer Banking Satisfaction Monthly Report in Australia.
Click here to purchase the Business Banking Satisfaction Monthly Report in Australia.
Click here to view the Monthly Unemployment Figures in Australia.
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Gary Morgan:
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Michele Levine:
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