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Australian SMEs see 23% QoQ revenue drop in Q4 2024: Unleashed
Australian manufacturing SMEs saw strong sales in Q3 2024 year that flattened off into a quieter Q4, with a 23-per cent drop in revenue QoQ, Unleashed reports. Compared with performance a year ago, the average Australian SME manufacturer brought in 16 per cent less revenue in Q4 2024. Average manufacturing profitability has been in decline amid rising raw material costs relative to overall sales.
Australian manufacturing SMEs saw strong sales in Q3 2024 year that flattened off into a quieter Q4, with a 23-per cent drop in revenue QoQ, Unleashed reports.
Compared with performance a year ago, the average Australian SME manufacturer brought in 16 per cent less revenue in Q4 2024.
Average manufacturing profitability has been in decline amid rising raw material costs relative to overall sales.
