SME's gallant

Written on the 11 August 2009

A NAB survey shows conditions for SMEs in Queensland are the worst in the country, dropping from -12 to -14 points this quarter, with the national average at -10.

Queensland general manager of nabbusiness Julian Pearce, says from record lows last quarter, Queensland SMEs have recorded a substantial jump in the 12 month profit outlook, rising 32 index points to 10 index points. However, in the June quarter SMEs have reported negative profit growth, falling three index points to -20. But there are some positives.

“Although Queensland has fallen behind other states, the positive outcome is that SMEs are looking ahead and predicting a stronger year ahead in terms of profitability, with businesses in Queensland increasingly optimistic about their prospects. This suggests that increased consumer confidence is having a knock-on effect for SMEs,” says Pearce.

Across all sized SMEs in Queensland, ‘small sized’ businesses (annual sales between $2-3 million) were the best performing segment, increasing by 8 index points to -1, while larger SMEs (annual sales between $5-10 million) were the weakest, declining 8 points to -25.

 

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter