Survey shows small business struggling
A SURVEY shows small businesses are continuing to struggling with falling prices and profits, while wages keep rising.
The quarterly survey of more than 1,600 small businesses by the Australian Chamber of Commerce and Industry showed a modest dip in conditions from 41.2 in the June quarter to 41.1 in the three months to September.
However, the reading of 41.1 is well below the break-even level of 50 points, and indicates small business conditions are continuing to worsen.
The biggest drags for small business were poor profits, driven by falling prices, while costs such as labour continued to rise.
Small business also had a generally pessimistic view of where the Australian economy would be in a year's time.
Read more at ABC news online.