Confidence among small and medium businesses dropped this quarter, rebalancing from a five year high last quarter to register a net balance score of +38 according to the latest Sensis Business Index (SBI) survey. 

The Index, which reflects the views of 1,000 small and medium businesses from across Australia, revealed three times as many SMBs were confident as those who were worried. Despite the dip, the net balance score of +38 is 11 points higher than this time last year. 

While business confidence went down, current perceptions of the economy stayed the same and the 12 month outlook jumped, registering a positive score of +5, eight points higher than last quarter and only the second positive reading since December 2014.

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