False because either-or is not the only choice pn152 |
Business confidence, of course, is only one economic indicator —and a not very robust one at that— of how the economy is faring, and likely to fare over the next 12 months.
But the latest MYOB Business Monitor Snapshot poll (412 interviewed) of small to mid-sized businesses shows a sharp slump in both general confidence and - more worryingly - actual revenue, with petrol costs standing out as the biggest concern, with taxes and the minimum wage.
MYOB general manager Carolyn Luey said that while this was concerning business operators were not panicking.