Tasmanian small and medium businesses are more positive about their state economy than their mainland counterparts, the latest Sensis Business Index shows.
During the August quarter, 23.9 per cent of small and medium business owners held the belief that the Tasmanian economy would be better in 12 months’ time.
However, 45.1 per cent believed it would get worse.
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As for attitudes towards government, 62 per cent of small and medium business owners said they believed the Tasmanian Government was supportive of small business.
Three per cent believed the government worked against them.
Premier Peter Gutwein said the latest business index showed that the state government had the most popular policies for business in the nation for the eleventh time in a row.
“Importantly, in such uncertain times it’s pleasing that Tasmanian small and medium businesses are more confident than those nationally with nearly half extremely or fairly confident about the future,” he said.
“While we have a long way to go to recover and rebuild a stronger Tasmania, these results demonstrate that we should be cautiously optimistic as we continue to manage the pandemic.
“We will continue to adopt bold strategies to back our competitive advantages, support investment, and grow business confidence even more.”
Nationwide, 8 per cent of surveyed businesses expressed extreme confidence about the next 12 months.
Thirty-four per cent said they were fairly confident, 25 per cent said they were neither confident or worried, 23 per cent were fairly worried, and 10 per cent were extremely worried about the coming 12 months.
These statistics showed an improvement in confidence since the March quarter report.
Fifty per cent of small of small and medium businesses reported falls in profitability for the quarter and 48 per cent reported decreases in revenue.
The report showed regional businesses overall were doing better than city-based businesses.
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