Australian small and medium business (SMB) confidence has fallen five points to +39 on a net basis, driven by negative sales, employment and profitability results, according to the latest Sensis Business Index (SBI) survey.
The net balance of +39 is calculated by comparing the number of confident SMBs (57%) to the number who are worried (18%).
Sensis Executive General Manager, James Ciuffetelli said: “After confidence hit the highest level in more than six years in December, we’ve seen confidence drop. We saw declines in all of the key indicators this quarter, with business owners particularly feeling the pinch on sales and employment.”
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