The small business community is optimistic the strong national economy will continue into next year, despite being concerned about possible interest rate rises, according to survey results released yesterday.
About 92 per cent of small businesses expected trading conditions to improve or remain stable over the next 12 months, the survey by Adelaide-based accounting software firm, Cashflow Manager, found.
''With small businesses accounting for more than 90 per cent of all businesses, optimism within this ‘economic engine room’ is an extremely healthy sign,'' said Cashflow Manager managing director Wayne Burgan.
But the small business sector appeared divided on the outlook for interest rates, with only 49 per cent of respondents confident that interest rates would remain low with the Coalition entering its fourth term in Government.
Similarly, only 14 per cent expected they would pay less tax under the Coalition.
