Economy

icon 114x114 1 - SME sector fared better than expected during lockdowns

SME sector fared better than expected during lockdowns

New research by conducted by LinkedIn in partnership with Kantar reveals that despite the fact 71 per cent of Australia’s SMEs were affected by lockdowns through much of the year, 38 per cent of them actually performed better than…

Inaugural roundtable paves small business road to recovery

<!– Oscar –> 25 November 2021 The Australian Banking Association (ABA) has today released its 2021 SME Lending Report, highlighting how important Australian Small and Medium Enterprises (SMEs) are to the country’s economic recovery. The report was released to…

Why it’s bad news for Christmas shoppers

Cashed-up Aussies are set to unleash billions of pent-up spending, but businesses will likely have to jack up prices during the pre-Christmas surge. Australian retailers are set to pocket record revenues in a Christmas cash splash but many businesses…

Jobs Data Better than it Looks, All Things Considered

On the face of it, October’s jobs report – showing a fall in employment, a rise in unemployment and a jump in the jobless rate to 5.2% (from 4.6%) – looked poor and the initial reaction treated it thus.…

Spending levels boom as restrictions ease: CBA

As restrictions lift around the country spending levels are rising to pre-lockdown levels, with spending across the country up 20 per cent during the week to 29 October compared to the same period of 2019. Commonwealth Bank chief economist…

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SMEs remain cautious but optimism is rising

As lockdowns and restrictions are lifted, sentiment regarding economic conditions and short-term revenue growth is rebounding quickly among SMEs despite some level of caution still being felt. The latest COVID-19 SME Tracker, conducted by business market research firm ACA…

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