• Advertise
  • About us
  • Terms and Conditions
  • Contact us
Sunday, May 29, 2022
Australian Times News
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
      • UK Lottery
      • UK Lotto
      • EuroMillions
  • Lifestyle
    • Horoscopes
    • Health & Wellness
    • Recipes
    • Video
  • Entertainment
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
      • UK Lottery
      • UK Lotto
      • EuroMillions
  • Lifestyle
    • Horoscopes
    • Health & Wellness
    • Recipes
    • Video
  • Entertainment
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
Australian Times News
No Result
View All Result
Home News

ABS figures show business confidence and revenue outlook improving

October figures indicate growing business confidence and increasing capital expenditure plans over the next three months.

Mike Simpson by Mike Simpson
22-11-2020 03:00
in News
Image by Tumisu from Pixabay

Image by Tumisu from Pixabay

Almost a quarter (24%) of businesses reported an increase in their monthly revenue in November compared to 16% in October, according to results released by the Australian Bureau of Statistics (ABS) on Friday.

The bureau’s Head of Industry Statistics, John Shepherd, said the latest Business Impacts of COVID-19 Survey showed signs of increasing confidence among businesses.

Revenue increases are expected

“As well as a greater proportion of businesses experiencing an increase in their revenue in November, one quarter expect revenue to increase for December. Some businesses commented that seasonal factors had influenced these expectations,” he said.

Shepherd added that the survey results also included information about capital expenditure plans for the next three months.

“One in five (22%) of businesses indicated they have capital expenditure plans over the next three months, with about three-quarters (73%) of these businesses expecting to spend the same or more than what is usual for this time of year.”

Uncertainty influences expenditure

“We asked businesses what had influenced their capital expenditure plans,” he said.

“The most common factor reported by businesses was future economic uncertainty (29%), however the proportion reporting this as a factor has halved since August (when it was 59%).”

AlsoRead...

May's Weather Forecast

Weather Forecast 29 May 2022

29 May 2022
May's Weather Forecast

Weather Forecast 28 May 2022

28 May 2022

Meanwhile, in other positive economic news released on Friday, the National Skills Commission’s monthly vacancy report shows that new job advertisements have now increased for six consecutive months.

In October, recruitment activity increased by 9,100 or 6.2%, nationally to stand at 155,000 job advertisements.

More online jobs ads for sales workers

During October, job advertisements increased across all eight broad occupational groups, with the strongest gains recorded for Sales Workers (up by 11.6% or 1,300 job advertisements), Labourers (up by 10.7% or 1,100 job advertisements) and Community and Personal Service Workers (up by 9.9% or 1,400 job advertisements).

These increases highlight the ongoing recovery in recruitment activity since the April 2020 series low point, with job advertisements having more than doubled since that time (up by 83,300 job advertisements).

Western Australia recorded the strongest increase (up by 24.9% or 3,800 job advertisements), followed by Tasmania (17.8% or 290 job advertisements), the Northern Territory (17.5% or 270 job advertisements), South Australia (16.8% or 1,200 job advertisements) and Queensland (9.9% or 2,900 job advertisements).

Tags: Australian Bureau of StatisticsbusinessBusiness Impacts of Covid-19Economy
DMCA.com Protection Status

SUBSCRIBE to our NEWSLETTER

[mc4wp_form id=”2384248″]

Don't Miss

Horoscopes: 29 May 2022 – Sunday

by Adamu
29 May 2022
Free Daily Horoscope - Astrology
Horoscopes

Keep your karma positive with these daily free horoscopes!

Read more

Weather Forecast 29 May 2022

by Adamu
29 May 2022
May's Weather Forecast
Australia Weather

Be prepared for any weather with our daily weather forecast for Australia.

Read more

Horoscopes: 28 May 2022 – Saturday

by Adamu
28 May 2022
Free Daily Horoscope - Astrology
Horoscopes

Keep your karma positive with these daily free horoscopes!

Read more

Weather Forecast 28 May 2022

by Adamu
28 May 2022
May's Weather Forecast
Australia Weather

Be prepared for any weather with our daily weather forecast for Australia.

Read more

Ellen Degeneres show officially comes to an end after 19 seasons

by Shannon Alexander
28 May 2022
Ellen Degeneres show officially comes to an end after 19 seasons
Lifestyle

After sharing herself with the world, Ellen Degeneres has taken her final bow. The tv host now seeks new challenging...

Read more

Stranger Things season 4 came with a warning following Texas shooting

by Shannon Alexander
27 May 2022
Stranger Things season 4 came with a warning following Texas shooting
Entertainment

Stranger Things season 4 could not have come any sooner. To the teens waiting, it was certainly worth the wait...

Read more

Ray Liotta: Tributes flow as the actor suddenly dies at 67

by Shannon Alexander
27 May 2022
Ray Liotta: Tributes flow as the actor suddenly dies at 67
Lifestyle

On Thursday morning, Emergency services were called to the hotel Ray Liotta was staying at. Sadly, the actor already passed...

Read more
Load More

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status

  • About us
  • Write for Us
  • Advertise
  • Contact us
  • T&Cs, Privacy and GDPR
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
      • UK Lottery
      • UK Lotto
      • EuroMillions
  • Lifestyle
    • Horoscopes
    • Health & Wellness
    • Recipes
    • Video
  • Entertainment
  • Travel
  • Expat Life
  • Move to Australia

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status