Aussie exporters remain confident about future trade
Efic’s latest Exporter Sentiment Index shows that business sentiment among Australian SME exporters continues to rise, with five of the six sentiment measures higher than the last wave.
Involving a sample of 1,124 exporting Australian SMEs, respondents seeing an improvement in their current financial situation (from 12 months ago), and those with positive expectations around future sales revenue, were the main drivers of this positive result.
The Exporter Sentiment Index is now at 148, up from 145 in July 2017, and 10 points higher than the 138 in February 2017.
Exporters that currently work with Efic had above average business confidence (an index of 170), perhaps due to Efic’s financial support allowing them to access opportunities that may otherwise have been out of reach.
Efic’s Exporter Sentiment Index is a bi-annual study, tracking key sentiment indicators among Australian SME Exporters, providing insights into expectations around financial markets, current and future business conditions, overseas sales growth forecasts, and expectations around access to credit.