Menu
Business

Survey shows small business struggling

A SURVEY shows small businesses are continuing to struggling with falling prices and profits, while wages keep rising.

The quarterly survey of more than 1,600 small businesses by the Australian Chamber of Commerce and Industry showed a modest dip in conditions from 41.2 in the June quarter to 41.1 in the three months to September.

However, the reading of 41.1 is well below the break-even level of 50 points, and indicates small business conditions are continuing to worsen.

The biggest drags for small business were poor profits, driven by falling prices, while costs such as labour continued to rise.

Small business also had a generally pessimistic view of where the Australian economy would be in a year's time.

Read more at ABC news online.

 

Topics:  profits small business wages


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Town mourning as beloved 'treasure' lost

REMEMBERED: John Boucher on his Mt Tully property. Tributes are flowing in for the beloved Stanthorpe icon.

Citizen of the Year, John Boucher, passes away.

Men charged after near-death shooting of boy, 5

Two men have been charged on multiple firearms offences relating to an incident that occurred on January 2 at Cottonvale.

Cottonvale pair to front court charged with firearms offences

WARNING: Severe thunderstorm warning for Southern Downs

WET WEEK: Heavy rainfall could hit Warwick today with the chance of showers continuing for the rest of the week.

Goomburra drenched by 41mm in just 50 minutes today

Local Partners