About SBC

Small Business Connections (SBC) is a media platform that delivers targeted content, news, industry reports, trends and tips to business owners, entrepreneurs, startups and stakeholders in the SME sector.

Contact us
Subscribe to our newsletter
  • This field is for validation purposes and should be left unchanged.
  • Home
  • Business
  • Months after nation’s hardest lockdown Victorian consumer sentiment hits ten year high

[adning id=”12070″]

[adning id=”12070″]

Months after nation’s hardest lockdown Victorian consumer sentiment hits ten year high

Victorian consumer sentiment is the strongest among the states and the highest it has been in a decade. According to the latest data from Westpac-Melbourne Institute, Victorian consumer sentiment rose by 11.8 per cent in April to 121.1 index points, the highest of all the states.

In comparison, the national average increased by 6.2 per cent in the month to 118.8 index points. A score above 100 means overall sentiment is positive.

“Victoria’s economy is more than rebounding, with consumer sentiment increasing to its highest level in more than 10 years,” said Treasurer Tim Pallas.

“After the many sacrifices Victorians made to get through last year, we’re seeing the rewards now in a stronger business environment that will translate into better opportunities – for jobs and economic growth.”

The good news follows the National Australia Bank Business Survey results released yesterday which showed business confidence and conditions increased strongly last month.

NAB’s monthly survey showed business conditions rose by 9 points to 21 index points in March, taking the index to its highest point since May 2018.  The index reflects businesses’ trading conditions, profitability and employment.

Meanwhile, Victorian business confidence increased by 4 points to 17 index points which was 86 points higher over the year. A score above zero means overall sentiment is positive.

In other great news for the Victoria economy, the Deloitte Access Economics‘ March report recently forecast that the state would have the strongest economic comeback of all the states and territories next financial year.

The Andrews Labor Government continues to play a pivotal role in the state’s recovery, with more than $13 billion provided to help all Victorian families, communities and businesses.

Rising business confidence and hiring is making a difference in homes and lives, with more than 236,000 people finding jobs in Victoria since September 2020, according to recent data from the Australian Bureau of Statistics.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Leave a Comment

Your email address will not be published. Required fields are marked *


Get breaking news delivered
  • This field is for validation purposes and should be left unchanged.


Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.