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Via the ABC:

Small businesses in general — and tradies in particular — have suffered a serious deterioration in their trading conditions and profitability, according to a survey from NAB.

The drop-off for small and medium enterprises (SMEs) was far sharper in the second quarter than for the bigger end of town, which was reported in the NAB broader business survey.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.