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06 October 2019 Posted by 

BUSINESS CONFIDENT AMID TOUGH CONDITIONS

THE latest Business Conditions Survey conducted by the state’s peak business organisation, the NSW Business Chamber, supports the need for additional stimulus to bolster economic activity, particularly in drought affected areas of NSW.

The survey highlights that many businesses across the state have been doing it tough, however there are preliminary signs that businesses think tax cuts and interest rate reductions will provide a welcome boost.

The survey was conducted following the recent State and Federal Elections.

“Businesses from the Far West and Orana, New England Northwest, Capital Region, Southern Highlands and Shoalhaven Region continue to report particularly difficult business conditions,”Ms Martin said.

“Last quarter business on the Central Coast had managed a better outcome than seen across the rest of the state. Unfortunately, that’s not the case this quarter and a number of businesses reported reducing staff numbers as a result.

“That’s not a result anyone wants, but with costs rising and revenue and profits falling, businesses are forced to turn to staffing numbers to maintain costs.

“Fortunately, there is some light at the end of the tunnel, with the survey showing that business on the Coast expect a rebound in conditions next quarter.”



editor

Michael Walls
Publisher
P: 0407 783 413
E: Michael@accessnews.com.au

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Central Coast Business Access (CCBA) covers the business and community issues of the NSW Central Coast region. CCBA is a prime media source for connecting with the pulse of the region and tapping into it's vast opportunities.