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Business confidence up

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New data has found Tasmanian businesses are the most confident in the country.

The latest Sensis Business Index shows there's more optimism here than in all other states and territories, music to the ears of the Hodgman Government which has been enduring a tough few months in the portfolios of health and housing.

More 110,000 Tasmanians are employed in the small business sector, and the numbers show they're also the most supportive of state government policies.

"We’re helping grow the economy and create jobs by supporting businesses to develop a higher skilled workforce: real skills for real jobs; assisting with market access; unlocking investment opportunities in Tasmania; cutting red tape; and delivering the vital infrastructure that was long neglected," Small Business Minister Michael Ferguson said.

Business groups have welcomed the news, but CEO of the Tasmanian Chamber of Commerce and Industry Michael Bailey says we can't rest on our laurels. 

"We have to remember though that business confidence doesn't always translate through to the economy. They are certainly parts of the state where times are tough," he said.

"Although we're seeing all regions of state record high confidence, times are still hard in some regional communities and we can't forget that. We're encouraging all Tasmanians to holiday locally and buy locally as we head towards Christmas. It's so important to keep our local communities going." 

Mr Bailey also points out that the good news out of Tasmania is bucking a national trend, where there's still fears the country may slide into recession.

"We see Tasmanian business really confident about the future, but less confident about the future of the Australian economy. Clearly businesses here know the future is bright for our state and we need to keep our foot to the floor in terms of economy policies to make sure that Tasmania keeps on moving," he said. 


 Image: Pexels

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