Top constraints on business growth
An increase in operating costs driven through insurance, energy and fuel prices is contributing to a “perfect storm” for Queensland businesses.
Workforce challenges have been the most significant constraint on business growth for the past two years.
In the December quarter insurance premium costs were in the top three business constraints, reflective of recent natural disasters and cost inflations.
Climate conditions and energy costs also increased as business constraints, with climate and weather vulnerability at the forefront of our minds during this disaster season, especially in those impacted regions.
Business confidence
Poor business confidence is reflective of the compounding impact of high operational and labour costs and a tightening economy and lower sales, natural disaster events, upcoming local and state elections, external global factors and workforce challenges.
Overall business confidence for both the Queensland and national economies is weak.
About Pulse
Business Chamber Queensland’s Pulse Survey has measured Queensland business confidence and expectations for more than 20 years.
The survey is the most authoritative, timely and comprehensive snapshot of Queensland business sentiment, providing critical insights into the opinions of business owners across the state.
Pulse includes detailed measurements on employment levels, turnover and business profitability – knowledge that adds a great degree of confidence to the strategic planning and future investment decisions.
