21 July, 2023
Survey to gauge business conditions
MAREEBA businesses are being encouraged to complete a quarterly survey of business conditions to help industry get a better understanding on business performance.
Business Chamber Queensland’s Pulse Survey for March 2023 revealed decreased demand and economic activity attributed to inflation and interest rates resulted in a decline in business performance.
Mareeba Chamber of Commerce president Joe Moro said it was vital that Mareeba businesses contributed to the quarterly survey.
“While the Far North region is largely in line with the rest of the state, the March quarter results listed insurance premium costs as the top constraint for business growth,” he said.
“While retaining and recruiting employees had improved, it still remains among the top five constraints for business growth in the region, together with direct wage costs and interest rates.
“Businesses across all levels – small to large – are feeling the pain of increased costs.”
The Pulse Survey measures business confidence and expectations. The June 2023 Survey closes at 5pm on 25 July.
The survey can be completed by going to www.businesschamberqld.com.au and clicking on Advocacy and then Pulse Survey.