Bankwest Future of Business: Economy & Finance Report
01 August 2015
The Future of Business Series: Economy and Finance Report has revealed that despite some tough economic challenges including slowing growth, falling productivity and the end of the mining boom, more mid-sized businesses are bullish on the Australian economy than what was reported in the 2014 Report.
Mid-sized businesses are set to be the engine of economic growth in Australia, with the majority (55.9%) intending to maintain or increase their investment level in the next 12 months. On average, mid-sized businesses intend to borrow $5,659,465 in the next 12 months, with investment intentions most commonly centring on innovation initiatives (37.1%), productivity initiatives and business infrastructure (both 36.9%).
Read the full Report to gain further insights into mid-sized business’ confidence in the Australian economy and their appetite to adapt and invest in new revenue streams.
- This report has been prepared by CoreData on behalf of Bankwest.
- The research was conducted between June 17th and July 1st, 2015 via an online quantitative survey of approximately 50 questions, developed and hosted by CoreData.
- CoreData’s proprietary panel of more than 132,000 Australian consumers was used to canvass the views of a specific target market – business leaders in the mid-market.
- The sample is comprised of 519 respondents, including those in C-suite and senior management positions within mid-sized businesses.
- The targeted businesses met the following criteria: Annual turnover of between $5 million and $250 million.
- From the following industries: accommodation, Asian banking, education and training, retail trade, professional services, light manufacturing, wholesale trade, financial and insurance services (excluding Asian banking), property & business services, franchising, pharmaceuticals, transport, health, child and aged care (NSW, VIC, QLD and SA only), not-for-profit (WA only) and agriculture and forestry (WA only).