Roy Morgan Research Roy Morgan Business Confidence up 0.3pts to 120.8 in February â Majority of businesses say next 12 months is a âgood time to investâ Country: Australia Source: Roy Morgan Business Single Source, Dec 2010-Feb 2021. Average monthly sample over the last 12 months = 1,306. In February 2021 Roy Morgan Business Confidence increased 0.3pts (+0.2%) to 120.8. Business Confidence has now averaged 121.5 over the last three months, its highest three-month average since January – March 2014 (123.1). Business Confidence is now 7.3pts above the long-term average of 113.5. The good news is that an increasing majority of 55.5% of businesses said the next 12 months is a ‘good time to invest in growing the business’ and even more, 60.6%, expect ‘good times’ for the Australian economy over the next 12 months.