• Home
  • Articles
    • Front Page
    • General Interest
    • Snippets
    • Mayoral Notes
    • Letters to the Editor
  • Competitions
  • Our Community
    • Our People
    • Question of the Week
    • Jobs in the Central West
    • Be Seen
  • Features
    • Rural Round Up
    • My Place
    • Health & Wellbeing
    • Loving Local Living
    • Just a Short Drive
    • Real Estate
  • Sports
    • Bowls
    • Cricket
    • Equestrian
    • Footy Tips
    • Golf
    • Netball
    • Rugby League
    • Rugby Union
    • Soccer
    • Touch Football
  • Contact Us
    • Contact Page
    • Advertise with us
    • Testimonials
    • Submit an Article
    • Subscribe to the Parkes Phoenix

Parkes Phoenix

Business Lead NSW Out Of Crisis

October 30, 2020 By editor

There are positive signs that the NSW economy is getting back on track. The quarterly Business Conditions Survey of Business NSW has revealed the first bounce in business confidence in a year.

The survey shows business perceptions about the performance of the NSW economy rebounded strongly from the record low in June. “The outlook has also improved, with businesses expecting further lifts in the economy for the remainder of 2020,” said Business NSW, Regional Manager – Western NSW, Vicki Seccombe.

“The strong bounce in business confidence is a welcome boost and gives a big tick to government decisions that have backed a business-led recovery.”

“In Western NSW, the pick-up in the agricultural sector due to easing drought conditions and the increased tourism across the region have continued to bolster the local business outlook.”

“However, our businesses are experiencing some the of highest skills shortages that we have seen for some time, with over 47% Western NSW businesses responding they have not been able to find suitably skilled people,” said Vicki.

The survey also examined some of the factors common to businesses most affected by COVID-19. “While business services, hospitality and tourism businesses are heavily impacted overall, business performance in these industries varies dramatically depending on location and type of customers serviced.”

“Businesses located in a CBD (regional or metro) and reliant on foot traffic, for example, are among the most vulnerable, as are those reliant on international visitors.”

“While many businesses are about to enter a difficult period as support measures are tapered back, it’s promising to see a strong foundation for recovery emerging in NSW and in particular Western NSW,” Vicki said.

Filed Under: Articles, General Interest

Latest Print Editions

Click here to download the recent issue (248) of The Parkes Phoenix (1.5MB PDF) – 26th February 2020

STAY CONNECTED

The Parkes Phoenix would like to thank you, our Facebook friends, for your continued support and readership!

CENTRAL WEST RURAL ROUND UP BOOKLET

Click here to download the Rural Round Up Booklet 

SEARCH THE PHOENIX

Recent Articles

  • No More Struggles With Sleep February 26, 2021
  • Young Reporter Writes Own Newsletter February 26, 2021
  • Honour Roll Shines Light On Hidden Treasures In Our Community February 26, 2021
  • Anzac Day To Go Ahead February 26, 2021
  • Snippets… February 26, 2021

CONTACT THE PHOENIX

Head Office Phone: (02) 6344 1846

Postal Address PO Box 203 Canowindra NSW 2804  

Editorial – Maggi Barnard Phone 0403 080 085 editor@parkesphoenix.com.au

Sales – Rochelle Frame Phone 0490 517 590 sales@parkesphoenix.com.au  

View our Privacy Policy.

View our Conflict Resolution Process.

View our Ethics and Complaints Policy.

Want to advertise with us?

Information on our Community Promotions.

Submit an Article

We are always looking for new articles of interest to the local community.

Please feel free to submit an article for possible inclusion in a future issue.

To submit an article, click here to use our online article submission form.

Sign up for The Parkes Phoenix Newspaper

* = required field

Copyright © 2021 · Website setup by WebSysMan