Rocky business bounces back
WITH some $100 billion of major projects in the pipeline, more than nine out of 10 Rockhampton business owners, like Peter McCurley, are anticipating good times ahead.
There’s been a marked improvement in business confidence for 2010, the latest results of Rockhampton Regional Development Limited’s quarterly business sentiment survey show.
Only 7% of businesses have no confidence about their future performance, a fall from 28% in February, when the region was in the midst of the global financial crisis.
The vast majority, 93%, indicated they expected better conditions, an increase from 72% in February and 87% in August.
RRD chief executive Gary Kerr said the outlook was pleasing.
“The results of the November survey show a continually improving economy where 93% of businesses surveyed expect their business activity to increase or remain the same in the coming 12 months,” Mr Kerr said.
“Forty-three per cent of businesses indicated they would be increasing their staffing levels, which is a significant increase from 17% in the February survey.”
According to Mayor Brad Carter the results show the strength and resilience of the region’s economy.
“The region is in an excellent position to benefit from further economic growth as the global economy recovers and the opportunities that will become available for local businesses from the $100 billion of major projects earmarked for the region,” Cr Carter said.
“Council has also made some significant improvements in its development approval processes over the past 12 months which will help local businesses in expanding their operations and employment levels in response to future opportunities.”
Yesterday, Peter, who runs Sports Central, in East Street, said his business outlook was positive.
“Things have been going really well,” Peter said.
“We’re up between 25% to 30% on last Christmas, which when you work it out is good money.”
He said he hoped to add a full-time worker to the staff next year.
For more information about the survey check out www.rockhamptonregion.com.au