Great Signs for Local Economy as Businesses Remain Confident
Outcomes from the 2018 Port Macquarie-Hastings annual Business Confidence Survey are now available. This year over 430 businesses from a wide range of industry sectors participated.
Results indicate that local businesses remain confident and optimistic about their future profitability, and expect growth to continue over the coming year despite an easing of business conditions.
Measuring business confidence helps Council gauge the overall condition of the local economy and helps Council plan for a vibrant economy. Your participation lets us know what’s important to you and your business, and how confident you are feeling about the future.
Council would like to thank local businesses for their participation in the survey.
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Read Summary Report
Great Signs for Local Economy
Confident businesses and a reduction in the unemployment rate spell great signs for the growth of our local economy. Recent figures released by the Department of Jobs and Small Business also show a reduction in unemployment locally, with the June 2018 quarter reported at 3.7%, down from 6% in 2016.
Council Director Jeffery Sharp said that investment in infrastructure, housing and the expansion of local industry in the region had contributed to this positive outlook.
“Our local economy continues to experience unprecedented growth and investment, with jobs growth expected to increase in the areas of construction, education and training, health care and social assistance.” Mr Sharp said.
For more information on your local economy please read the media release.
Read Media Release
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