Quarterly Business Exits Dec 2022
Here is another example of the impact of lockdowns, product and labour constraints and now interest rates on Australian Businesses. According to the ABS, there were 150,282 business exits in the December 2022 quarter. This is 27% higher than the December 2019 quarter. And this follows on from the September 2022 quarter there were 127,255 business exits which was nearly 44% higher than the September 2019 quarter.
Overall in 2022 business exits were 23% higher than 2019.
Wonder what the stats will look like in the March 2023 quarter as the post Christmas let down occurs?
If you want help to improve your your businesses chances thriving and surviving in these uncertain times contact me below.
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To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you. In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face. And this session does not need to be face to face. At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times. Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.
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