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AAP
AAP
Business
Jacob Shteyman

Business outlook brighter but red tape chafes operators

Business sentiment has risen with operators looking to expand, yet the jobs market remains tight. (Dan Peled/AAP PHOTOS)

Businesses feel optimistic about their growth prospects following the Reserve Bank's first rate cut in more than four years, while a lift in profit and inventories shows modest signs of a rebound.

Buoyed by the prospect of lower interest rates, small and medium enterprises plan to expand operations, buy new equipment and boost marketing budgets in 2025, a survey by business lender Judo Bank has found.

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