Central West business performance rising
1 JANUARY 2003
Central West businesses performed better in the June quarter than the preceding quarter, according to the latest Reliance Credit Union business survey released on Wednesday 2 August by Charles Sturt University’s Western Research Institute (WRI). "Interestingly, Central West businesses still expect to improve their performance again in the September quarter, even though interest rates rose yesterday. It is expected, however, that regional NSW business will be less affected by the rise in terest rates than Sydney due to smaller mortgages and less business debt," said WRI CEO, Tom Murphy. It was noted that fuels costs were the most negative influence on business activity, particularly transport. All business sectors except agriculture showed positive performance in June. The business survey, sponsored by Reliance Credit Union and the Central West Regional Development Board, was returned by over 400 businesses including mining, agriculture, tourist, retail and transport industries across regional NSW.
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