Business confidence springs to life

Submitted 19/11/2009

Migration for Business Growth

 

Business confidence has revealed signs of  continued recovery during the September 20098 quarter following low interest rates and expected increase in sales revenue, according to the State's leading business organisation, Business SA.

The Commonwealth Bank Business SA Survey of Business Expectations for the September quarter showed that the South Australian confidence index increased 24 per cent to 120.8 points.

This is the second consecutive significant increase in confidence, following the record low levels in the March quarter.

While there are still concerns for business, the recovery in confidence for the September quarter is being attributed to the optimistic outlook in what remains a challenging climate.