CCIQ Pulse Report

The December quarter Pulse Report is out now

Businesses are facing a new set of challenges in a post-COVID environment, with attracting and retaining employees, insurance costs and interest rates listed as the most significant impacts in a major shake-up of business growth constraints in Queensland in the past year.

CCIQ’s Pulse Survey of business conditions for the December quarter 2022 is out today and shows retaining and recruiting workforces, wage costs and insurance costs have emerged as the most significant business growth impacts in a post-COVID environment in Queensland. 

Key report findings

General business conditions in the December quarter decreased slightly, but remained satisfactory, largely as a consequence of solid sales.

Total sales revenue in the December quarter improved and indicates a further, but marginal, strengthening of sales.

Operating costs during the December quarter continued to significantly rise.

Close to half of businesses indicated their profitability weakened during the quarter and expect their profitability to continue to decrease in the March 2023 quarter, though to a lesser extent.

Labour costs in the December quarter continued to increase significantly. The labour costs index is expected to remain at high levels in the March 2023 quarter.

Employment levels decreased in the December quarter but remained satisfactory.

About Pulse

CCIQ's Pulse Survey has been measuring Queensland business confidence and expectations for more than 20 years.

We use the quarterly Pulse Survey, Queensland's most established, comprehensive and trusted survey of business sentiment, in advocacy efforts to shape state and federal policies on behalf of businesses.

Further reading

 See other Pulse Reports to understand more about how we use your insight.

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See where we use this data and the impact it makes to policy

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