The Exporter Sentiment Index research has been undertaken on a bi-annual basis since November 2016 among Australian exporters.
This study provides insights into expectations around financial markets, current and future business conditions, overseas sales growth forecasts, and expectations around access to credit.
About the Sentiment Study
The most recent survey was conducted among businesses with up to 200 full-time employees and annual revenue of $250K to $100m+. Respondents came from a range of industries and represented all Australian states and territories.
Key measures of current and future financial situation, future economic conditions, future overseas sales revenue and profitability, employee growth and access to finance for international business are combined to provide an overall Sentiment Index as a measure of business confidence.
The Sentiment Index is expressed as 100.0 plus the unweighted average of the difference (net balance) between the percentage of respondents who give favourable answers and those who give unfavourable answers to six key business sentiment questions.
Overall sentiment has remained strong
The August 2018 Exporter Sentiment Index shows that business sentiment among Australian exporters remains positive, however the lift seen in the November 2017 research has not been sustained, with five out of the six measures declining slightly.
In particular, Australian exporters are slightly less confident about future economic conditions, growth in employee numbers and increasing overseas sales revenue than they were six months ago.
Although overall sentiment has declined slightly, confidence in future financial situation improved suggesting that businesses are comfortable with what they feel is within their control.
In wave 4, the overall Sentiment Index is 147, a decline from 150 in November 2017.
See past Exporter Sentiment Index results.
Complete our form below to download a summary of Efic's latest Exporter Sentiment Index.