The Micro segment represents nearly nine out of 10 of all Australian businesses and employs one in three people. So it is a very important part of the economy.
Aside from micro-businesses, the index also revealed contrasting industry growth expectations, with confidence in the construction industry falling sharply between March 2014 to June 2014 and the retail industry showing strong confidence.
“The optimism brought by the change of government may have been tempered by manufacturing sector closures, as well as the numerous cutbacks predicted before and during the Federal Budget,” says Gupta.
“Clearly some sectors view these and related developments with concern, while others only see opportunities.”