Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
2. Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific

Public Administration News  
Australia: Survey Shows Small Business Struggling
Source: abc.net.au
Source Date: Monday, November 19, 2012
Focus: Electronic and Mobile Government
Country: Australia
Created: Nov 19, 2012

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.

"It is alarming that small business growth indicators, such as sales revenue, profit growth and business investments, are approaching their historic low levels previously recorded during the height of the global financial crisis," noted ACCI's chief economist Greg Evans in the report.

"Small businesses have become increasingly concerned that labour costs have continued to rise and remain elevated, despite all other trading indicators trending lower in recent months."

Small businesses blamed government for many of their problems, with business taxes and government charges, Federal Government regulations, and state government rules nominated as the top three constraints on investment.

Insufficient demand slipped down the list of constraints from second to fourth, with labour costs ranked fifth and sixth out of 20 factors.
News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
0 ratings
Views: 633

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0

0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2018 by UNPAN - United Nations Public Administration Network