June 30, 2011
Source: www.news.com.au
BUSINESS confidence is at its lowest levels since the global financial crisis due to weak consumer spending and an uncertain economic outlook, a private survey shows.
The Sensis Business Index showed confidence fell from 44 per cent to 28 per cent during the June quarter, while small business support for the federal government dipped to a 15-year low.
"This is one of the largest quarterly falls in business confidence we have seen in the 18-year history of the report,'' report author Christena Singh said.
"In a historical context, business confidence is at a low-ebb in Australia.
"We have really only seen business confidence lower during the peak of the global financial crisis and during the introduction of the GST.''
She said a fall in consumer spending, a decrease in business and the economic environment led small firms to worry about their prospects for the next 12 months.
To read the full story, follow this link: www.news.com.au/business/breaking-news/business-confidence-falls-to-global-financial-crisis-levels/story-e6frfkur-1226084574509
