Transport 'bullish' as business confidence returns

Confidence among small businesses in Australia returns and transport and storage is “particularly bullish”

December 3, 2009

Confidence among small businesses in Australia has returned to pre global financial crisis levels and the transport and storage sectors are "particularly bullish".

This is according to the latest figures published by Sensis in its quarterly Business Index which was released today.

The report's author Christena Singh says the confidence rise is the third of its kind in a row despite at a slower rate than the previous two quarters.

"Following two very strong quarters of growth, business confidence has risen more moderately this quarter," Singh says.

"Overall this equates to a strong turnaround from the record low level of business confidence we saw in February this year.

"Business confidence is now at the highest level in Australia since August 2007."

The report says business perception is more positive than it has been in previous quarters on the back of the strongest demand for goods and services since February 2008.

Despite the good results for the last quarter, Singh says the majority of small businesses did not expect demands and profits to be as strong going into the New Year.

"Small businesses overall are expecting demand and profits to be down on the previous quarter, but remain well above the low levels experienced during the economic downturn," she says.

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