Pulse Survey Of Business Conditions
Will confidence in Queensland’s economy continue to soar?
The Commonwealth Bank CCIQ Pulse Survey of Business Conditions for the March Quarter 2012 confidence saw a marked return in business confidence in the Queensland state economy increasing to levels not experienced since 2008 prior to the GFC.
Buoyed by a change in state government and election promises relating to payroll tax, red tape, abolition of the waste levy and tighter economic and fiscal disciplines, businesses felt that there was good reason for a brighter outlook.
However there were overriding concerns relating to confidence in the Australian economy, which continued in negative territory in the March Quarter with an increasing number of businesses expecting the national economy to become weaker over the coming twelve months.
What will the June Quarter bring?
CCIQ and Commonwealth Bank have today opened the Pulse Survey of Business Conditions – June Quarter 2012 and encourage all Queensland businesses to have their say about the issues facing their business and their thoughts on the wider Queensland and Australian economy.
• What impact will key local and global issues have on business sentiment?
• Will the introduction of the Carbon Tax hurt confidence?
• Will the easing of business costs and regulation boost sentiment?
• Is the state election still creating a feel good atmosphere in the business community?
Hot Topic – Queensland Regions
This edition of the Pulse Survey of Business Conditions will have a strong regional focus.
Queensland’s regions are affected dramatically by the global and local influences as resources boom and tourism is challenged, as infrastructure is rolled out and skills shortages reported. As such business confidence can vary dramatically across locations and sectors and CCIQ believe that it is essential for businesses to put forward their views on regional issues via the Pulse Survey of Business Conditions.
CCIQ General Manager of Advocacy, Nick Behrens said, “The Pulse Survey of Business Conditions is an essential barometer of business confidence.”
“Business confidence translates into spending and investing in people, product and infrastructure, which in turn boosts employment and consumer confidence. Therefore an accurate picture of business confidence is a great indicator for the state’s economic future.”
CCIQ use the survey findings to help us understand the business operating environment and ensure that we communicate the real needs of businesses for reform, cost reductions and improved support to the decision makers at all levels of government.
Mr Behrens said, “Over the next 12 months CCIQ will be focussing on the issues and challenges impacting businesses at a local and regional level”
“Queensland businesses in every region have unique business challenges and opportunities that must be addressed if we want all of Queensland to grow and be competitive, vibrant and profitable.”
Mr Behrens said that CCIQ would be developing Regional Blueprints for each major Queensland region which will underpin the recommendations CCIQ make on behalf of our members and the wider Queensland business community to Local, State and Federal Governments.
“We would encourage any business that wishes to have their voice heard on the issue important to them and their local business community to take part in the survey.”
Click here to take part in the survey, business owners and managers should click here