CCIQ Pulse Survey: Sunshine Coast businesses less confident in the next 12 months than the rest of the state
Supply chain disruptions and associated rising input costs for Sunshine Coast businesses are limiting business confidence levels and their ability to recover from the COVID-19 economic crisis, Chamber of Commerce and Industry Queensland’s June quarter Pulse Survey shows.
Released today, data from a three-month period which started and ended in lockdowns and restrictions shows business confidence among Sunshine Coast businesses in the Australian economy over the next twelve months dipped in the quarter to June for the first time since the start of the COVID-19 economic crisis in March 2020.
From Cape York to Caloundra, Cloncurry to Cunnamulla, CCIQ’s quarterly Pulse Survey is the state’s most established and comprehensive survey of business confidence.
CCIQ Policy and Advocacy General Manager Amanda Rohan said businesses on the Sunshine Coast reported supply chain disruptions and the associated uncertainty snap lockdowns and restrictions created was putting pressure on their long-term recovery and business confidence.
National outlook confidence for the next 12 months among Sunshine Coast businesses was close to four points lower than the Queensland average while the state outlook was close to five points lower.
“Businesses on the Sunshine Coast are telling us the level of demand and economic activity was the most significant constraint on business growth which tells us reduced consumer confidence caused through lockdown uncertainty is impacting business’ bottom line,” Ms Rohan said.
“Businesses are reporting consumers are reluctant to book travel in particular due to the fear of snap lockdowns and hotspot borders.
“Tourism dependent businesses like many of those on the Sunshine Coast are impacted from lockdowns and restrictions differently to those in capital cities and they’re often feeling the pinch of reduced consumer confidence even when they’re not in lockdown themselves.
“We have been saying all year the significant impact snap lockdowns and the uncertainty they create on business and consumer confidence will dramatically influence businesses’ ability to recover and these results prove businesses are uncertain of their ability to get back to business.”
CCIQ media contact
Emma Clarke
Media and Communications Advisor
[email protected] | 0403 944 902