PVW Partners are the proud custodians of our city’s most anticipated and best-recognised barometer of business sentiment – the PVW Partners’ Townsville Business Confidence Index. The quarterly index has been running continuously for over 26 years and provides true local insights into how our business leaders are thinking and feeling.
There is no doubt that business confidence has been strained for a long period. Opportunities for business growth have been limited and this has in turn meant limited scope to create more jobs in our city. However, the tide is slowly turning and the recent results of the survey indicate that what started as a ripple of confidence is gradually building into a new wave of optimism. Different sectors of our economy have differing levels of confidence, but the overall trend is positive.
The most recent results for PVW Partners’ Townsville Business Confidence Index indicates that business confidence has strengthened in the December 2017 quarter, continuing the positive trend seen since the June 2016 quarter with six consecutive quarters of positive business sentiment now having been recorded. Indeed, the March 2017 and December 2017 results reflect the two highest levels of confidence recorded since December 2007.
The fundamentals for a broader economic recovery for Townsville and our region are emerging, but there continue to be many businesses and families doing it tough. One of the keys to sustaining the wave of recovery is strong and stable government, at all levels, that continues to invest in Townsville’s economic potential and enable the private sector to achieve. It is then incumbent upon our businesses to realise opportunities for growth, create new jobs and attract the talent and skills to our region that will help us build our future.
The future is bright and PVW Partners looks forward to working with the business community of Townsville to achieve sustainable growth for all.
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