Survey of Business Expectations – June Quarter 2017

Business SA’s Survey of Business Expectations for the June quarter 2017, which was taken within weeks of the State Budget, showed more than two thirds of South Australian businesses are facing higher overhead costs and more than half are spending more on materials than in the first quarter of this year, as escalating power prices punish the state’s small to medium-sized organisations.
 
Business SA Chief Executive Nigel McBride said the survey shows owners are struggling as costs escalate, with higher electricity prices recently coming into force and as the increase to the minimum wage took effect on July 1. He said it is no surprise that confidence since the June State Budget has also taken a dive, with businesses recording a 5.4 point decrease compared to the March quarter.


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