Business Now - December Quarter 2018

What is the survey about?

The Survey of Business Expectations is a quarterly survey which highlights the South Australian business community’s view of current and future economic conditions. In partnership with advisory firm William Buck, the results are analysed, deciphered and published in our quarterly joint publication, Business Now.. These results inform Business SA policy and advocacy work and provide a robust indicator to government and other stakeholders of the business environment in South Australia. You can view all the past results here.

December Quarter Results

Business confidence has recovered from the slight dip in the September quarter, returning to levels not seen since early 2010 in the December 2018 Business SA-William Buck Survey of Business Expectations. Compared to December 2017.

Confidence rose 2.2 points to 116.4, with businesses very positive about the state’s economy, up 18 points since December last year, and up 33.1 points over the decade.

Insights: Jamie McKeough, Managing Director, William Buck

The December quarter Business SA – William Buck Survey of Business Expectations is continuing to move in the right direction with confidence increasing to record highs post-GFC and business conditions, orders and sales revenue starting, over the past 18 months, to catch up with that growing sentiment.

With South Australian business confidence at a high, it’s pleasing to see more than three quarters of survey respondents expected the local economy to continue to strengthen or remain strong, and that’s important for investment and jobs growth. If a business owner is confident about his organisation’s future, he’s more likely to take on a new staff member, consider his own financial future, and boost our economic growth. 

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