Small Business Momentum Survey
August 2023

Confidence
30% of businesses indicated they were confident in their individual business prospects.

Concerns
82% of businesses indicated they were concerned about the cost of business inputs.

Momentum
The Momentum Index* increased by 4.6 points between July and August to 88.7 index points.

Staff
50% of businesses that have plans to expand are looking to hire additional staff.

Expansion
35% of businesses indicated they have plans to grow, alter or expand operations.

Revenue
17% expect revenue to increase, compared to 34% expecting a decline.