A solid quarter saw SMB confidence rise to a level matched only once since March 2010. Views of the economy are also the best they have been since December 2013. Key indicator expectations for this quarter all became more positive. The Federal Government’s rating decreased slightly but remained positive.
The key findings of the Sensis Business Index for September Quarter 2017 are:
• SMB confidence increased seven points to a net balance of +46. This balance was last recorded in December 2016, the highest since March 2010.
• Confidence increased in all states and territories except WA. It was higher in metropolitan areas, by an average of 16 points (to +50) but fell by an average of eight points (to +39) in regional areas.
• The overall assessment of the economy has become more positive than in any survey since December 2013. SMBs are more likely to believe it is growing (25%) than slowing (16%). The net balance increased eight points to +9. One year earlier it was -8.
• Looking ahead 12 months, SMBs again show increased faith in the economy with the net balance at +16, lifting seven points. This is also the best result since December 2013.
To read the full media release, click here.