New research by Australia s largest accounting software provider, MYOB reveals the economic confidence and overall business outlook of small to medium business operators is finally on the rise.
The March 2013 MYOB Business Monitor, the latest round of a national study that has run since 2004, found over one quarter of SMEs expected the domestic economy to improve within 12 months (26 per cent). This is a welcome increase of seven percentage points from the July 2012 report (19 per cent).
The Monitor, which is independently commissioned to Colmar Brunton researches business performance, attitudes and plans over time. In the latest study of 1,005 Australian business owners and managers, the proportion expecting an economic improvement to take one to two years is now 37 per cent down from 42 per cent. Those who think it will take more than two years is now 22 per cent down from 24 per cent.
For more information on MYOB visit www.myob.com.au