Almost three in ten (29%) small and medium businesses (SMBs) believe the economy is growing. This is nearly double the proportion who believe it is slowing (15%), resulting in a net balance score of (+14).
Sensis CEO, John Allan said: “Small and medium businesses positivity about the economy continues its trend upward since June last year. Small businesses are telling us that the values of sales, prices charged and profitability are the areas they are most positive about in the year ahead.”
“Small businesses are telling us that access to finance was more difficult than last quarter, or at this time last year – decreasing 12 points to a net balance of +1, 14 points lower than December 2016.”
The Index, which reflects the views of 1,000 small and medium businesses from across Australia, also revealed that small business views of the Federal government have become negative for the first time since March 2017. Businesses saying Federal Government policies are supportive fell (18% to 17%), while those saying policies work against small business increased (15% to 20%). The net balance was down 6 points to -3.
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