Confidence among the 1,010 small and medium businesses we spoke to fell slightly this quarter, but remains at the second highest level we’ve seen in seven years.
The Index, which reflects the views of 1,000 small and medium businesses (SMBs) from across Australia, registered a net balance of +44. This result is two points down on the balance from December 2016.
In addition to a marginal fall in business confidence, the overall assessment of the economy remains positive, with 19% of SMBs expressing faith in economic growth. SMBs continue to show growing confidence about the economy in 12 months’ time, with the net balance increasing for the fourth survey in succession to reach +10, which is two points higher than in the December 2016 survey.
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