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Measuring the confidence and performance of small businesses across NSW


Small Business Momentum Survey

February 2023


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34% of businesses indicated they were confident in their individual business prospects.

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89% of businesses indicated they were concerned about the cost of business inputs. 

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New challenges


The RBA increasing interest rates to 3.35% for a record ninth consecutive hike.

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45% of businesses that have plans to expand are looking to hire additional staff. 

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37% of businesses indicated they have plans to grow, alter or expand operations. 

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21% expect revenue to increase, compared to 29% expecting a decline.