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Wednesday, May 29, 2024

Chamber Chat – Allan Milostic (Whitsunday Coast Chamber of Commerce President)

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A BIG thankyou to our outgoing secretary Cait Fleming for her amazing contribution to the chamber over the past two years. We wish Cait all the best with her new endeavours.

The evening chamber event, on Thursday, August 11, at the VMR, was a networking only event.

It was fantastic to meet some new businesses and for everyone to make some new connections. Thank you to Gale at the VMR for another flawless hosting effort.

Our next networking event will also be at the VMR – please follow us on social media or watch for emails for further details.

For non-members wishing to attend please get in touch via social media or contact details on our website.

Regarding Airlie Beach Race Week, congratulations to all involved. It is a fantastic event for our region and a real winner for the small and medium businesses in our region.

Good luck to those competing in Hamilton Island Race Week following this event.

We have an opening on our chamber committee. If you are passionate about small and medium business in the region, we would love to speak to those who wish to give a little back to our thriving region.

Some stats from Chamber of Commerce Industry Queensland (our peak body) for the June quarter 2022:

The Queensland Economy 12-month outlook decreased significantly by 8.9 points and indicates weakening growth prospects over the coming 12 months.

Macroeconomic issues relating to inflation and higher interest rates impacted the decline in Queensland business confidence.

Business confidence in the Australian economy for the next 12 months also decreased by 14.6 points to 38.1.

General business conditions improved in the June quarter, largely as a consequence of better sales. The June quarter index of 53.2 increased 8.2 points, from the March quarter.

Operating costs in the June quarter rose 5.6 points to a record high of 79.8, while labour costs in the June quarter increased significantly to a new record high of 78.3 index points.

The profitability index increased 3.4 points to 34.1, however, one in two businesses indicated their profitability fell in the June quarter.

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