Spending rose across the economy in April, according to the latest Commonwealth Bank Business Sales Indicator (BSI), though it appears business sales growth may be slowing as a result of declining consumer confidence.
Female SMB owners are feeling more positive about being in business than their male counterparts and are driving the uptake of social media for business, according to new research.
Ongoing economic uncertainty caused business confidence to fall nearly ten points in February, to 108.9, after six consecutive months of rises to January 2012.
The National Australia Bank and the Commonwealth Bank are the first of the Big Four banks to reduce their standard variable interest rates following Tuesday’s official rate cut by the Reserve Bank, with both failing to pass on the full amount.
Business expectations have slid this quarter, as interest rate worries and ongoing pressure from the strong Australian dollar weighs on local SMBs.
The recovery in economy-wide spending appears to have consolidated as business sales remain positive, according to the latest Commonwealth Bank Business Sales Indicator (BSI).
Despite global financial volatility, local businesses are feeling optimistic as they look towards implementing more efficient cost-cutting measures.
The Reserve Bank of Australia has held the official interest rate for the third consecutive month, citing close to trend growth, inflation and lending rates.
Growth is a continual driver for business owners, but how are you supposed to know when and what to grow and what will work best for you?
Consumer confidence fell by five percent in March, as Australians worry about rising interest rates and falling employment levels.
