| South Australian businesses strongest in 'growth, cashflow' - survey |
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(November 17, 2010) SOUTH Australian small-to-medium-sized enterprises had the nation's strongest business conditions and equal-highest cash flow position in the September quarter. The latest NAB SME quarterly survey shows business conditions in SA rose by one index point, to eight, in the three months to September 30.
Small businesses operating in the finance and accommodation sectors had the strongest cashflow positions, with 28 and 14 points respectively. Construction and retail were the weakest in this area. Cash flows and borrowing costs were the most critical issues for SMEs. Business services, finance and health were the strongest performing SME sectors in the September quarter. "The period leading up to Christmas is critical for many industries, particularly the retail sector which, unlike the Australian tourism industry, can benefit from the appreciating dollar," said Ms Colwell. (Source:news.com.au)
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