Originally published: Dynamic Business, 15 January 2024
COSBOA (Council of Small Business Organisations Australia) and Square Australia unveiled the 2023 Small Business Data Report, offering a detailed examination of the hurdles encountered by Australia’s small business sector within the context of a volatile economic environment.
Luke Achterstraat, CEO of COSBOA, said this research underscores the harsh reality for small businesses.
“For Australian small businesses, 2023 has been a year marked by operational hurdles, dynamic market entries and exits whilst grappling with rising interest rates, inflation, and cost of living pressures impacting business and their customers.”
Consumer spending sentiment for 2024 SOURCE: Pureprofile Survey November 2023, commissioned by Block
