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SME optimism increasing despite government bickering

The Wave 17 results for the COVID-19 Weekly Business Sentiment Tracker published by ACA Research in partnership with TEG Insights has been released.  

ACA Research, Managing Director, James Organ said: “Optimism is growing with SME decision makers feeling slightly more confident. Seemingly the second wave is under control and therefore SMEs are expecting economic activity and revenues to increase as restrictions ease and borders reopen.

However, the lack of collaboration between State and Federal Governments is not well received and hence support is dwindling. As cashflow stimulus, rental relief and JobKeeper support are all reduced or withdrawn over the short-medium term it is critical that Government leaders reunite to provide a clear pathway forward for SMEs concerned about their future.”

Some of the highlights this week are:

  • 67% reporting a decline in revenue, compared to 71% in late August
  • 25% expecting higher revenues over the next 4 weeks
  • Federal Government support drops sharply to 55% from 69%
  • 44% dissatisfied with the Victorian Government

Please click on this link for the summary blog or  click on this link to access the full report including subgroup analysis by industry sector, size of business and State. 

Please note the data is from the week ending 13th September 2020.

Author: James Organ, ACA Research

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