In particular, Australian exporters are slightly less confident about future economic conditions, growth in employee numbers and increasing overseas sales
revenue than they were six months ago.
Although overall sentiment has declined slightly, confidence in future financial situation improved suggesting that businesses are comfortable with what
they feel is within their control.
In the fourth round of research, the overall Sentiment Index* is 147, a decline from 150 in November 2017.
Businesses in South Australia (an index of 159) and Queensland (an index of 157), and those in the Construction industry (an index of 171) are particularly
buoyant, with sentiment indexing above total Australian exporting businesses. Larger businesses with a turnover of $50m+ per annum are another segment
with much higher confidence levels than
the average (an index of 161).
Smaller businesses with a revenue of between $250K and $10m (an index of 145), and those in the Accommodation and Food Services sector (an index of 135)
are less confident about the future.
*The Sentiment Index is expressed as 100.0 plus the unweighted average of the difference (net balance) between the percentage of respondents who give favourable
answers and those who give unfavourable answers to six key business sentiment questions.