SME Sentiment Tracker August 2023. After a continued period of declining revenue and profit, the August results of the Fifth Quadrant SME Sentiment Tracker suggest confidence is growing in line with falling inflation and the stabilisation of interest rates.

SME sentiment tracker

SME sentiment dips amid lack of confidence in economic conditions

After showing signs of recovery over the past two months, the latest Fifth Quadrant data reveals another dip in sentiment as SMEs lack confidence in the Australian economy. Only 10% of SMEs expect the local economy to improve over the next three months, while 53% anticipate weaker conditions.

In contrast, sentiment regarding global economic conditions continues to strengthen, driven by declining interest rates in many countries. Consequently, support for the Australian government dipped in October, with only 30% of respondents expressing satisfaction with government policy….

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