GOLD COAST PULSE SURVEY REPORT - September
While business sentiment has improved across the board, confidence in the outlook for the state and national recovery remain at poor index readings.
KEY FINDINGS:
- Two-thirds of businesses across the Gold Coast predict that the national economy will contract further over the next 12 months, while only slightly fewer are anticipating the same for Queensland.
- More than one-third of businesses reported that they had decreased their capital expenditure despite the various investment incentives being made available by the state and the federal government.
- Despite the index improving by 8.9 points, nearly one-half of businesses still reported weaker profitability in the September quarter compared to the previous three months.
- Businesses across the Gold Coast are optimistic that business conditions will improve over the December quarter with each index forecasted to increase further.
Check out this September Qtr Pulse explainer:
You can read the report here.
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