GDP DATA WELCOME BUT GO LOCAL FIRST FOR SECTORS DOING IT TOUGH

December 2, 2020

Fresh data from the ABS showing gross domestic product grew 3.3 per cent in the September Quarter was welcomed by the Council of Small Business Organisations Australia.

“The fact GDP growth has rebounded to the strongest quarterly growth since 1968, as the economy begins its recovery from COVID-19, is fantastic news for Australians and small businesses everywhere” said COSBOA Chief Executive Peter Strong.

“The best news in this data is in the hospitality and accommodation space, where small business has a huge presence. This shows things are really starting to turn around for cafes, restaurants, small bars, small tourist operators, and locally-owned accommodation providers.”

“With hospitality venues open in every state and territory and no travel restrictions between most states, these are the local small businesses which have been the real winners,” said Mr Strong.

There has been a 41 per cent growth in the accommodation and food services industry, and 14.7 per cent in arts and recreation services, as well as strong growth in sectors with exposure to hospitality.

Construction, and agriculture, forestry and fishing saw negative growth in the September quarter.

“We aren’t out of the woods just yet, with most sectors still behind where they were last year. We all still need to GO LOCAL FIRST and support local small businesses wherever we can,” said Mr Strong.

“Have a tradie around to fix whatever it is that you’ve been putting off, buy Aussie produce and make sure you’re eating Australian seafood to back the small businesses that are still doing it tough – and where things are likely to get tougher.

“There isn’t a better excuse to support Aussie producers, than the Local Legends’ Lunch this weekend. Get together a group of family and friends to host a BBQ or a picnic with supplies you’ve picked up from local small businesses. Then upload your photo to social media, tag us, and you’ll go in the draw to win a $1,000 fuel voucher courtesy of New Sunrise Enjoy Local stores,” said Mr Strong.

One person from each state who uploads a photo of their supplies purchased from local small businesses, with the hashtags #GoLocalFirst and #LocalLegendsLunch on 4, 5 or 6 December has the chance to win a $1,000 fuel voucher from New Sunrise Enjoy Local stores.

“If you GO LOCAL FIRST and support small business, you will be directly contributing to saving jobs at the local stores and service providers you know and love. This will help them get going again – and they’ll get us all going again.”

With the support of the Commonwealth Government, COSBOA has launched GO LOCAL FIRST, a six-month campaign urging Australians to choose to buy with small, local businesses and support the national economic recovery.

For more information on the campaign or to be part of it, go to www.golocalfirst.com.au.

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