With Central Coast job vacancies increasing 13% over the last month, and an overall increase of 14% since the new year, Business NSW Central Coast says the region is getting back on track.
The organisation’s quarterly Business Conditions Survey reveals 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 recorded in June.
“The outlook has also improved, with businesses expecting further lifts in the economy for the remainder of 2020,” Regional Director, Paula Martin, said.
“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.
“It should also give governments confidence that their policy responses, such as providing support to make it easier for employers to protect jobs and easing restrictions on trade, are working.
“Food production and manufacturing businesses on the Central Coast have increased capacity and, combined with visitors to our region hitting record highs, hiring people with the right skills and reducing business costs are the highest priorities for businesses as they focus on growth and expansion.
“In comparison to last quarter, which showed business solvency a key concern, finding suitably skilled people to fill these jobs is now a primary concern for our region, with over 57% of Central Coast businesses responding they have not been able to find suitably skilled people.
“While many businesses are about to enter a difficult period as support measures are tapered back, its promising to see a strong foundation for recovery emerging in NSW and in particular on the Central Coast.”
Source:
Media release, Oct 27
Business NSW Central Coast