December 2019 Quarter results

CCIQ Suncorp Pulse Survey of Business Conditions

The Suncorp-CCIQ Pulse Survey (Pulse Survey) of Business Conditions is the largest survey of the state’s 438,000 small and medium-sized businesses and serves as a leading indicator of sentiment across Queensland’s diverse business community. 

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SNAPSHOT:

  • General business conditions

    Business conditions returned the lowest reading on record for the second consecutive quarter. Low consumer demand and sentiment.

  • Sales & Revenue

    Sales declined reflecting the subdued levels of consumer confidence and spending in the economy. Business anticipates sales and revenue to improve over the March quarter.

  • Operating Costs

    58% of all businesses reported costs increases across the areas of rent, insurance, electricity and other utilities. 

  • Profitability

    Over one-half of businesses reported a deterioration in their bottom lines. Lowest profitability reading in a decade. A lack of economic demand in the economy, rising labour and operating costs contributing to subdued results.

  • Employment levels

    Businesses decreased their staffing levels resulting in a five-year low (since March 2015). Hiring intentions of businesses are expected to remain soft into the March quarter. Operating costs to ease over the March quarter.

  • Capital expenditure

    Regional Queensland and large businesses recorded weaker capital expenditure as the slowing economic demand and drought impacts on business confidence to invest.

About Pulse

The Suncorp-CCIQ Pulse Survey (Pulse Survey) of Business Conditions is the largest survey of the state’s 438,000 small and medium-sized businesses and serves as a leading indicator of sentiment across Queensland’s diverse business community. Pulse is unique and aims to measure the sentiment of business owners and managers across the state, providing critical insights into the current, planned and latent business activity. It is, therefore, a barometer of optimism and concern regarding key matters that are important to Queensland’s small and medium-sized enterprises and provides a platform for their collective voice to be heard.

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