Business indicators confirm pressure

Submitted 2/12/2010

Migration for Business Growth

 

Business indicator figures for the September quarter released by the Australian Bureau of Statistics signal concern for business.

The data shows gross profits in Australia decreased 1.5 per cent (seasonally adjusted), while wages and salaries increased by 2.1 per cent.

Industry sectors with the largest increase in sales of goods and services included adminstrative and accommodation services, while financial and arts were amongst those with the largest decreases.

South Australia experienced a 1.3 per cent decrease in sales of goods and services and a wage increase of 2.1 per cent in the September quarter.