Business confidence in regional NSW highest in Country
Businesses in regional NSW remain the most confident in the country according to the latest Sensis Business Confidence Index released today.
Minister for Regional Development, Skills and Small Business John Barilaro said regional business confidence has increased significantly in the last quarter, with regional NSW outperforming the Sydney metropolitan area.
“This is fantastic news and further evidence that the investment the NSW Government is making in our regions is providing jobs growth, and helping businesses start-up and grow,” Mr Barilaro said.
“Last month the Australian Bureau of Statistics confirmed that regional NSW is outperforming other states on jobs growth, with regional NSW accounting for almost 60 per cent of the total number of regional jobs created nationwide over the 12 months to August 2016.
“The Sensis report today shows that for the second consecutive quarter, we are seeing the highest NSW regional business confidence in the country.”
Mr Barilaro said business confidence in both metropolitan and regional NSW either meets or exceeds the national average in the areas of; sales, employment, wages, price and profitability for small and medium sized businesses.
“These results mean the Government’s ongoing investment in regional infrastructure, business and skills development is working, meaning businesses are more likely to consider further expansion and job creation.”
The Sensis Business Index is a quarterly survey of Australia’s small and medium enterprises (SMEs) which commenced in 1993 to measure and track SME business activity.