REGIONAL BUSINESS CONDITIONS ON THE IMPROVE

Regionally based businesses located in the Murray & Riverina regions of NSW are reporting more favourable conditions in their region compared with the state average in almost all survey indicators, according to the latest Business Conditions Survey conducted by the state’s peak business organisation, the NSW Business Chamber.

More than 120 businesses throughout the Murray & Riverina regions participated in the state-wide survey and compared to the rest of the state, respondents were more positive about the performance of the economy with 28% indicating it had improved in the past three months and close to 84% believing it will be the same or even better in the current quarter.
“These results saw an increase in a number of business conditions, which is fantastic given the traditional declining or flat lining that businesses normally report in the autumn months. It also shows encouraging signs for the rest of 2014,” said Ben Foley, Regional Manager of the Murray-Riverina NSW Business Chamber.
“It is certainly far from being easy out there running a business at present but these results back up the feedback we have been receiving from business operators throughout the region over the past few months.
“Many businesses reported that their major priority for 2014 was to keep their general operating costs down as well as reducing labour and utilities costs. Businesses reported that they are keen to reduce waste, increase their efficiency and productivity and increase sale for their products and services through better marketing.
“While skills shortages were at their lowest reported rate of 20% this quarter throughout the state, over a third of Murray-Riverina businesses reported a skills shortage over the last three months. That should have the alarm bells ringing for both the Federal and State Governments, Mr Foley said.
The full survey results can be found at:
http://www.nswbusinesschamber.com.au/NSWBC/media/Misc/Policy%20Documents/Surveys/Business-Conditions-Survey-June-2014.pdf
A region by region breakdown can be found at:

Media Contact: Ben Foley 0418 211 126