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

trump return lifts SME confidence amid longer term concerns

SME optimism regarding global and local economic conditions has increased since the re-election of the Trump administration. However, this optimism is tempered by concerns about the long-term implications of Trump’s presidency, particularly among those in the production sector who may be directly impacted by increased tariffs and changes to trade policies.

A majority (54%) of SME decision-makers believe the Trump administration will have a negative impact on the Australian economy, with this sentiment rising to 76% among those in the production sector. Notably, 59% of female respondents also anticipate adverse outcomes for Australia…

CLICK HERE to access the full report

register for our free monthly report

To stay updated and receive our monthly report direct to your inbox, register your interest below.