Goal

Thriving and innovative industries driven by a high level of business confidence

Indicator - 10.6.1.

Level of Tasmanian business confidence

Measure of Progress - 10.6.1.1.

Level of Tasmanian business confidence

View detailed Progress report on this Measure

Baseline Measurement

In March 2001, Tasmanian businesses expectation for the Tasmanian economy in the forthcoming twelve months was estimated to be trending at 41.9. This compared with the expectation by Tasmanian businesses for the National economy of 42.9.

Where does this information come from?

TCCI, Survey of Business Expectations

Why do we use this Measure?

Business confidence is a reflection of economic performance

Explanation of measure

The measures are trended estimates from the quarterly Tasmanian Survey of Business Expectations. The estimates are based on survey responses from Tasmanian firms of their expectations of the performance of both the Tasmanian and Australian economies in the following 12 months. The quarterly series is presented as trended index points. Index points below fifty indicate an overall worsening expectation.

Tasmania Together Targets

Year	Target
2005	Equal to or better than national average
2010	Consistently better than national average
2015	Consistently better than national average
2020	Consistently better than national average