In a survey conducted in May in Australia in 2024, around 71 percent of small and medium enterprises (SMEs) expressed concern over the impact of rising interest rates on their business. Other leading concerns included increasing fuel and energy costs, along with the cost of raw materials.
Share of small and medium enterprises (SMEs) concerned about issues impacting their business in Australia as of May 2024
Key decision makers/influencers at small and medium enterprises from all industry sectors across Australia responded to the survey. Data is weighted to reflect the distribution by industry, number of employees, and state.
Supplementary notes
Businesses with between 1-500 employees included in sample.
Survey question: how concerned are you about the impact of the following issues on your business?
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fifth quadrant. (June 12, 2024). Share of small and medium enterprises (SMEs) concerned about issues impacting their business in Australia as of May 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1375853/australia-share-of-smes-concerned-about-issues-impacting-business/
fifth quadrant. "Share of small and medium enterprises (SMEs) concerned about issues impacting their business in Australia as of May 2024." Chart. June 12, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1375853/australia-share-of-smes-concerned-about-issues-impacting-business/
fifth quadrant. (2024). Share of small and medium enterprises (SMEs) concerned about issues impacting their business in Australia as of May 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1375853/australia-share-of-smes-concerned-about-issues-impacting-business/
fifth quadrant. "Share of Small and Medium Enterprises (Smes) Concerned about Issues Impacting Their Business in Australia as of May 2024." Statista, Statista Inc., 12 Jun 2024, https://www.statista.com/statistics/1375853/australia-share-of-smes-concerned-about-issues-impacting-business/
fifth quadrant, Share of small and medium enterprises (SMEs) concerned about issues impacting their business in Australia as of May 2024 Statista, https://www.statista.com/statistics/1375853/australia-share-of-smes-concerned-about-issues-impacting-business/ (last visited December 22, 2024)
Share of small and medium enterprises (SMEs) concerned about issues impacting their business in Australia as of May 2024 [Graph], fifth quadrant, June 12, 2024. [Online]. Available: https://www.statista.com/statistics/1375853/australia-share-of-smes-concerned-about-issues-impacting-business/
