INDEPENDENT NEWS

Small Firms’ Growth Expectations Hit Two-Year High

Published: Wed 26 Jul 2017 10:25 AM
Small firms’ growth expectations hit two-year high
After a slow start to the year, confidence among small businesses rebounded in the June quarter, and their activity expectations are the highest in two years, according to ANZ’s Business Micro Scope survey.
A net 17% of small firms are confident about business conditions over the year ahead, up from 14% in the March quarter. The rise in confidence is mirrored in other key indicators for small business sentiment and activity tracked by the survey.
The ANZ composite measure – a key proxy for growth based on a firm’s own activity outlook, hiring, investment and profit expectations – improved to +22, its highest since Q1 2015. The most positive outlook was from intermediate businesses (6 to 20 staff) which edged up from +27 to +29, while micro businesses (up to five staff) held at +15.
ENDS

Next in Business, Science, and Tech

General Practices Begin Issuing Clause 14 Notices In Relation To The NZNO Primary Practice Pay Equity Claim
By: Genpro
Global Screen Industry Unites For Streaming Platform Regulation And Intellectual Property Protections
By: SPADA
View as: DESKTOP | MOBILE © Scoop Media