Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Business conditions for SMEs decline but outlook brighter

Staff Reporter 1 minute read

Australian small to medium businesses continued to experience tough conditions in the September quarter, off the back of high interest rates, high fuel costs and soft consumer confidence.

According to NAB’s September quarter SME survey business conditions fell nine points to negative one in the quarter, the first fall into negative territory since the September quarter 2001; 24 per cent of business reported poor or very poor conditions compared to 19 per cent in the June survey.

Looking forward however Geoff Greer, NAB regional general manager of business banking, said the outlook for SMEs looked slightly better.

“The good news is that the expected business confidence among SMEs looking to the December quarter has improved slightly, but is still poor at minus four index points.”

Published: 11-11-08

Advertisement
Advertisement

Today's other news

 


Business conditions for SMEs decline but outlook brighter
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
GlennGibson Cashback offers driving new consumer behaviour

More borrowers are looking at refinancing to take advantage of sh...

Peter White FBAA warns against volume-based incentives

The Finance Brokers Association of Australia has urged lenders to...

Sam white Why COVID-19 broking trends are here to stay

Loan Market executive chairman Sam White has commended brokers fo...

FROM THE WEB