Industry highlights from ‘Survey on Business Conditions: Q4 2024’
The following statistics were released from the Economics and Statistics Division on November 25. For full details from this dataset, please click here.
Business expectations for the next three months
- Prices are expected to be stable for 74.8% of Nova Scotia businesses while 17.3% expect rising prices
- Only 2.4% of Nova Scotia businesses expect declining prices
- Rising prices were expected more often among wholesale, agriculture/fishing as well as construction businesses
Obstacles for Business
- Labour-related obstacles were reported by 34.9% of Nova Scotia businesses, including: labour force shortages as well as recruiting and retaining skilled employees
- These were most prevalent in Nova Scotia’s construction, transportation, health/social (including daycare), accommodation/food services and retail industries as well as among larger employers.
- Supply-chain issues were reported as business obstacles by 12.8% of Nova Scotia’s businesses, particularly in construction and wholesale industries