The AFA is concerned that the latest Australian Chamber of Commerce and Industry Survey of Investor Confidence states that businesses have had a tough Christmas period and have a gloomy outlook for the year ahead.
The survey’s 641 respondents, mainly from the construction and manufacturing industries, said conditions in their own businesses had fallen further into negative territory, from 49.5 to 48.6 over the December quarter. Sales and profits indicators also dipped for the quarter.
The survey also highlights that many businesses are faring better than anticipated,” says Federal Minister for Small Business, Bruce Billson.
The AFA agrees with Billson when he says “Focusing exclusively on the negative suffocates news that, I certainly feel, adds to optimism about the new year.”
For more information on the report http://goo.gl/98lZ43