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



Brisbane's arts and culture events centre stage

A CITY drenched in culture, Brisbane is again flaunting an arts and culture events calendar fit for a queen.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Six reasons to get to Brisbane this Autumn

The Brisbane Powerhouse has free comedy on Friday nights.

AUTUMN has to be up there with one of the best seasons of the year.

The best things to do in Brisbane are FREE. Yes, FREE

Mt Coot-tha is a seriously gorgeous way to start your day.

HEADING to the big smoke doesn’t have to come with a big price tag.

LIVE UPDATES: Violent prisoners escape, Rocky dog squad called

Capricorn Correction Centre prison generic.   Photo: Chris Ison / The Morning Bulletin

RESIDENTS urged to "be aware" as police search for escapees.

Deluge brings massive price rise for property near Rocky

BIG BUY: The Howard family handed over Yaamba's historic Balmoral property to the Harvey family on Thursday.

DOWNPOUR'S perfect timing entices buyer to pay huge dollars.

Shock as miner wastes $110K redundancy

Methamphetamine also known as crystal meth

Addiction spurred by redundancy from mine job and shoulder injury

Local Partners

Motorbike rider airlifted to Rocky after head on collision

A "HIGH-SPEED" collision with a 4WD has left a motorbike ride seriously injured.


Win a $1000

GROCERY GIFT CARD!
Learn More

Musical favourite hits the Rockhampton stage

STEPPING UP: The new kid Ren, played by Joseph Lewis with the town folk (from left) Ben Childes, Jack Kelly, Patrick Reddy, Mackenzie Ralphs and Nicholas Marxsen. Footloose will hit the Pilbeam Theatre Stage Friday, May 26 and Saturday May 27.

The Cathedral College gets 'Footloose'

ACROSS THE REGION: Your weekend of events in CQ

STAGE: The Cathedral College presents Footloose at the Pilbeam Theatre on Friday and Saturday.

Find out what's happening across CQ right here.

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

Book review: Mia Freedman's book meets her critics head on

IF AUSTRALIA does have a tall poppy syndrome, Mia Freedman has most certainly been a victim.

Wick'ed grudge holds for a sequel

LEGENDARY ASSASSIN: Keanu Reeves in a scene from the movie John Wick: Chapter 2.

They killed his dog and stole his car, now what?

US expert lecturer visits Rockhampton

ARCITECTURE: Sandra will give a beautifully illustrated talk: 'Ancient Mayan Art & Architecture: Hidden Secrets of the Jungle'

Hidden secrets of the jungle revealed

Model Bella Hadid's see-through dress shocks in Cannes

US model Bella Hadid attends the Cinema Against AIDS amfAR gala 2017 held at the Hotel du Cap, Eden Roc in Cap d'Antibes, France, 25 May 2017.

It’s like she’s become addicted to shock value.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Legendary Rocky man's journey from retail ruin to real success

GOOD HANDS: Doug Webber is sold on his new career as a Real Estate Agent at Pat O'Driscolls.

He lost it all, but a new career 30 years in the making is underway

Deluge brings massive price rise for property near Rocky

BIG BUY: The Howard family handed over Yaamba's historic Balmoral property to the Harvey family on Thursday.

DOWNPOUR'S perfect timing entices buyer to pay huge dollars.

Timeless classic that will cause a 'feeding frenzy'

10 Dagmar St, The Range is complete in from its colonial style to front yard.

1920s Colonial home perfect for large families

Investor travels 1500km to bid for bargain Rocky homes

McGrath Property Agents Rockhampton and Capricorn Coast Principal Todd Brandon.

Competitive bidding at in-house auction of deceased estate

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Ready to SELL your property?

Post Your Ad Here!