A quarter of all Australian small and medium businesses believe the economy is growing versus 16% who say it is slowing, resulting in the best net balance score (+9) since December 2013, according to the latest Sensis Business Index survey.
Sensis CEO, John Allan said: “Small and medium businesses see strength in the economy and this is revealed in their assessment of each of the key indicators, all of which – prices, sales, profitability, employment and wages – saw a rise in the net balance score both for last quarter and in expectations for the quarter ahead.”
“For the majority of businesses, growth is driving further employment and the employment net balance has improved to its best result in more than five years.”
The Index, which reflects the views of 1,000 small and medium businesses from across Australia, also revealed the business confidence score jumped seven points to sit at the equal highest level since March 2010. The net balance of +46 is calculated by comparing the number of confident SMBs (61%) to those who are worried (15%).
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