News

Small and medium business confidence levels in state drop

Business confidence is down as the mining outlook weakens.
Business confidence is down as the mining outlook weakens. Nicholas Falconer

CONFIDENCE levels among Queensland small and medium businesses fell during the past quarter, with confidence levels now the lowest of any Australian state or territory.

The November Sensis Business Index results show confidence levels among Queensland SMEs dropped 3% points in the August-November quarter.

Report author, Christena Singh, said that confidence levels in Queensland were driven by a range of factors.

"Businesses are concerned that people in Queensland are not spending, with decreasing business and increasing costs also impacting confidence in the state" she said.

"To put this in context, concern about lack of work or sales is the prime concern raised by SMEs across Australia and is currently at its highest level in the history of the Sensis Business Index."

For operating costs specifically, businesses were most likely to report rising electricity and water costs, with 76% of SMEs in Queensland that paid for these utilities reporting that they seen costs increase in the past year.

This was marginally higher than the 75% of SMEs reporting higher utilities costs nationally."

The last quarter saw lower results across most indicators, with Queensland businesses recording falls in sales, employment, wages, profitability and price performance indicators.

Small businesses in Queensland reported a seven percentage point drop in the wages indicator during the quarter, alongside a three percentage point drop in both the prices and profitability indicators.

The one bright spot was the report of an eight percentage point increase in the capital expenditure indicator during the August to November quarter.

Queensland businesses are reporting a subdued outlook in the months ahead, with lower expectations across key indicators including sales, prices, profitability and capital expenditure.

A significant 21% point drop in sales is anticipated in the November to January period, with businesses also signalling a 17% point drop in expectations for profitability.

"On the bright side, fewer SMEs in Queensland say they plan to decrease the size of their workforce in the coming months, giving them the highest expectations for employment of any state or territory," Ms Singh said.

In the long term Queensland small business is expecting a lift in sales over the next year, recording the strongest net sales expectations by any state and territory, with a net balance result of 42%.

Business confidence in regional areas of Queensland was 4% points higher than SMEs in the metropolitan areas of Queensland.

Topics:  queensland small business



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

Police: Lock it lose it this Christmas

Police generic.  Photo: John McCutcheon / Sunshine Coast Daily

Police out in force over Christmas period

OPINION: Parliament House protesters follow non-violent path

PURE FRUSTRATION: A pro-refugee protester speaks to the media outside Parliament House in Canberra on Thursday.

MP Canavan demands pro-refugee protestors should "pay the price”

VIDEO: New Capricorn rescue hanger

Member for Rockhampton Bill Byrne and Member for Capricornia Michelle Landry at the sod turning ceremony for the new RACQ Helicopter Rescue complex at Rockhampton Airport.

"The others could learn from this service,”

Local Partners

VIDEO: New Capricorn rescue hanger

CRITICAL medical treatment in emergency situations across CQ are set to be boosted in 2018 after the sod turning of a new rescue helicopter hanger today.


6000+ flock to CQ Eat St round two

HUGE SUCCESS: More than 6000 people attended the CQ Eat St event at the Rockhampton Showgrounds on Saturday night. INSET: Musician Aaron Hamilton.

Thousands flock to Showgrounds for food and markets

NITELIFE: Were you snapped out on the town?

L-R Maddy McDonald, Trinette Stevens, Brogan Ramm, Bianca Philp and Hannah Doherty at Flamingo's On Quay. Photo Liam Fahey / Morning Bulletin

See who was out and about in Rockhampton over the weekend

Rockhampton plays host to Jackasses

The Jackass boys are coming to Rockhampton for one night only.

They're bring their special brand of self-injuring stunts with them

Taylor Lautner 'spotted smooching co-star'

Taylor Lautner has been romantically linked to Billie Lourd

David Beckham's tattoos come to life for UNICEF campaign

David Beckham has called for an end to violence against children

Pop star Liam Payne's Facebook hacked with porn

"Things that can happen to you when you don't have sex."

Tim Roth was abused by his grandfather

Tim Roth was abused by his grandfather during his childhood.

Leo designs shocker tattoo for Tom Hardy after lost bet

Leonardo DiCaprio has designed a new tattoo for Tom Hardy

Hollywood star at home on the Coffs Coast

FEELING LUCKY, SON?: Scott Eastwood visited the Coffs Coast

Guess which Hollywood star has been seen around the Coffs Coast?

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Couple's desperate $550K price drop to sell Gladstone home

Brian Headley and Kirstene Staib are selling their Kin Kora mansion for $750,000.

TELL tale sign of Gladstone's property market.

Banks reclaim Gladstone homes as job losses bite

LONG FALL: Property experts Heron Todd say, based on key market indicators, Gladstone is still travelling to the bottom of the market, with property prices set to get cheaper.

Property valuers say Gladstone housing market hasn't hit the bottom

The million dollar property to test Mackay's market

This Victoria St building will go to auction Tuesday and investors will be watching closely to see how much it sells for.

'High profile architect designed CBD asset' goes to auction

Prices jump in trio of mining towns

THE boost in coal prices in the past six months has triggered a house price jump in at least three mining towns in Central Queensland.

Boost in coal prices triggers a market turnaround

Ready to SELL your property?

Post Your Ad Here!