Key SME survey results
-
Small to medium sized business (SME) conditions experienced another decline in the September quarter, the third drop this year;
-
Business conditions turned poor in the September quarter, falling 9 points to -1 index point, the first time they have dropped into negative territory since the September quarter, 2001;
-
But despite the deterioration in business conditions experienced by SMEs across the country they continued to fare better than their larger counterparts which saw their index fall to -3 points;
-
The research comes from the latest NAB SME Survey Australia - September 2008, which saw fewer than a quarter (23 per cent) of SMEs report good or very good conditions (27 per cent in the previous quarter), compared to 24 per cent reporting poor or very poor conditions (up from 19 per cent in the June quarter).
|
|
|
