Did you know business conditions are at their highest | News You Can Use

Did you know business conditions are at their highest | News You Can Use


– [Narrator] Did you know business conditions for small business continue to sit at their
highest level since the GFC? According to NAB’s quarterly SME report, conditions remain unchanged
in the first three months of the year at a reading of 12. On the flip side confidence among SMEs has declined slightly over the quarter but still at an above average level down two points to six. Across the different industries health reported the strongest conditions while retail continues
to be the weakest sector. Big falls were also recorded
in property service conditions likely reflecting a cooling
in the housing market. State by state and SME business conditions were strongest in Victoria
and weakest in W.A. although there was some improvement there. Economists have also
expressed some concerns about South Australia after conditions came in negative for the
first time since 2016. But it was the leader
to their state election. Some of the biggest
pressures being the ability to find suitable labour although wages are not reflecting that yet. (tech music)

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