RBA surprises with a hold, NAB still sees cuts in August, November and now February
Insight
SME business confidence broadly unchanged – with no sign of the political kick in confidence seen elsewhere in business. That may in part reflect a significant fall in business conditions in the quarter. SME performance in poor sectors of the economy were similar to larger firms.
SME business confidence broadly unchanged – with no sign of the political kick in confidence seen elsewhere in business. That may in part reflect a significant fall in business conditions in the quarter. SME performance in poor sectors of the economy were similar to larger firms but were markedly different in the services sector – generally better. That said, overall forward indicators remain very subdued, implying still soft near-term demand. While cash flow readings among mid to low level SMEs were terrible.
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