Business confidence boost for Tasmania

Launceston Chamber of Commerce Executive Officer Maree Tetlow
Launceston Chamber of Commerce Executive Officer Maree Tetlow

TASMANIA is the business confidence capital of Australia, the latest quarterly Sensis Business Index has unearthed.

The state bucked the national downhill trend to be the only state or territory to record an increase, following the survey of 1800 small and medium enterprises.

In Tasmania, 150 businesses were part of the research that found the state had the highest national business confidence level and was the only state to record a lift.

State confidence has jumped by 10 per cent from the previous quarter to a net 35 per cent, while nationwide it fell to just 12 per cent.

Tasmanian regional enterprises reported the strongest confidence of any location, the state had the firmest net sales expectations (38 per cent) and the state government recorded solid support following the March state election - with net support increasing by 71 percentage points to a net positive 9per cent.

Support for the federal government fell.

Launceston Chamber of Commerce Executive Officer Maree Tetlow said the results were reassuring, but highlighted the fact there was still work to be done.

"I would define confidence in the North as being patchy as there are some sectors that are going very well, but there are other sectors, and I think retail is a perfect example of that, they are suffering and trying to change their business models," she said.

"It is wonderful that we have such a strong confidence measure and I think a lot of that is to do with some relief in regard to having a majority government in place in Tasmania.

"I think everyone acknowledges that there is a long way to go and we are all trying to play a part in that to determine what those priorities are to get things moving quickly."

She said sectors such as agriculture and tourism were performing well.

Premier Will Hodgman said his government was still working to fulfil its commitment to rebuild the economy.

"For the first time since 2006 Tasmanian small and medium enterprises have reported a positive rating of a state government," he said.


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