NSW: Business optimistic for 2003 but no confidence in economy

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NSW: Business optimistic for 2003 but no confidence in economy

SYDNEY, Jan 2 AAP - NSW businesses remain optimistic about their prospects for theyear ahead but do not hold the same hope for Australia's economy, a new survey shows.

The survey by the state chamber of commerce and NRMA Insurance showed 80 per cent ofbusinesses expected to perform at least on par with or better than 2002.

In a similar survey four months ago, the figure was at 82 per cent.

Almost 40 per cent believed their businesses would perform better over the next threemonths than the past three.

However, that business confidence did not extend to the economy.

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