Andrew Irvine
speaker
559 appearances
4 recordings
1 series
first heard Dec 2024
last heard May 2025
Andrew Irvine’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, no, look, business conditions are still okay uh in the most part.
Uh but conditions are one thing and business people act on confidence.
And they want to know uh that if they're gonna buy a building or invest in plant and machinery or hire two uh extra people on the payroll, that that's a sensible decision and they're not putting uh their businesses at risk or taking on.
risk and that's ultimately always driven by confidence.
And so I think having some optimism for what's going to happen in our economy next year is important.
F SMEs in particular are the heartbeat of our economy.
Thankfully, in many sectors, SMEs continue to be doing well.
Regionally, businesses in Queensland with WA
Northern Territory doing well, businesses that support the resources sector, energy, agriculture, defense.
These are large tracts of our economy are doing well.
Where we see more stress is in businesses that are skewed to to consumption and particularly discretionary consumption.
Uh and we're seeing that most in Southeast Australia, uh Victoria in particular.
Uh and what you're seeing in in those consumption sectors and businesses is
The middle is where businesses are struggling.
Consumers are trending down to value.
And so if you're a business that serves luxury goods or you're a restaurant that uh people want to go to and be seen at, uh those types of businesses are trading really, really well.
At the same time, businesses that focus on value and have really good value.
lines, also trading really well.
It's businesses that have SKUs that are kind of in the middle where they're seeing a a downgrade to value and that's then compressing their margins.
And I think that's where we're seeing the most pressure in our client base with SMEs.
Showing 401–420 of 559 · page 21 of 28
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