<h1>Business confidence among MSMEs improved, backed by better finance access and rising sales despite tariff-related headwinds.</h1> Business confidence among micro, small, and medium enterprises strengthened in the April-June quarter, driven by steady domestic demand and improved financial conditions. Manufacturing and trading led gains while services stayed stable. Forward-looking indices show sustained optimism despite global tariff headwinds. Improved access to finance and early transmission of monetary easing underpinned the upswing, with more firms reporting higher sales, profitability, and rising capacity utilisation; exporters flagged tariff-related risks.