Welcome to the December issue of xpress.
The year has come and gone and on reflection it has certainly been a busy year for the business community with elections, a tough State Budget, legislative changes for businesses and interest rate rises impacting on the local economy.
The November interest rate rise will unfortunately have a negative impact on businesses right through until Christmas, with consumers being forced to put aside some of their spending money.
Recent labour force data revealed a slight fall in local unemployment in November, however at this time of year we should be seeing a greater demand for people in the workforce.
Low business and consumer confidence throughout the economy will continue to limit employment opportunities, as will the very restrictive shop trading hours over the Christmas period.
Our outdated shopping hours always cause issues over the Christmas trading period and this year will be no exception.
Speaking of confidence, the Commonwealth Bank Business SA Survey of Business Expectations for the December quarter closes this week and I encourage all businesses to get involved as it is important to monitor local confidence levels and expectations for the upcoming quarter.
Following its success at the Business SA Export Awards, it was pleasing to see local company Kelly Engineering go on to win the award for Australia’s Regional Exporter of the Year.
The number of companies that have gone on from our local export awards to win national exporting titles in the past few years confirms that the quality of local exporting remains impressive by national standards.
The last two networking events of the year were held recently at the State Theatre Company and Glenelg Golf Club. We take a look at all the action from State Theatre in this issue of xpress.
There will be more challenges on the horizon for businesses in 2011, but be assured Business SA will continue to provide ongoing assistance through our increased range of products and services to the business community.
Best wishes for the festive season, and let’s not forget all those small businesses across the State who are continuing to work over this period.
Until next edition,