Business confidence has seen its first dip in 12 months amidst interstate COVID risks, material shortages and lack of skilled labour in South Australia. The South Australian Business Chamber – William Buck Quarterly Survey of Expectations for the June quarter has confirmed a 104.5 confidence index, falling 9.5 points from a 2 year high in the March quarter 2021. Noting June quarter results reflect pre-Modbury cluster conditions, this survey was still influenced by the onset of restrictions, with pre-emptive measures during the nation-wide COVID scare emerging at the end of June. Business conditions also fell from their highest level since before the Global Financial Crisis in the March quarter, which also saw the end of JobKeeper, with a 11.5 point decline to 105.3 points.
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In the spirit of reconciliation the South Australian Business Chamber acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.