A Telecom small business survey has found businesses are increasingly optimistic about the general economy.
Conducted between February and June 2009 by research company TNS Conversa, the survey indicated in February that 43 percent of small businesses believed market conditions would get worse.
In June only 24 percent were worried about the impact of the recession on the market.
Thirty-six percent of small businesses believe the market will improve over the next six months whereas in February, only 23 percent had a positive outlook.
Telecom Business general manager Victoria Crone says a number of small businesses are indicating they are now over the worst of the recession.
“Over two thirds of small businesses have experienced at least a mild impact on their businesses (68 percent), with a proportion (17 percent) having felt a heavy negative impact on their business.”
According to the TNS Conversa research those hardest hit are in industries such as retail.