The Western Sydney Chamber Alliance, comprising members in Hawkesbury, The Hills, Blacktown, Cumberland, Parramatta, Sydney Olympic Park, Penrith, Liverpool and Narellan, has released its quarterly business index survey on the health of local business.
The survey report, a snapshot of conditions and prospects in the western Sydney business environment, recorded current and future business confidence, viability and profitability at 3.3 out of 5.0 points.
Key findings were:
* Greater than 50% of respondents say that they are coping well in the current environment;
* Future expectations are that Western Sydney SME’s will be able to resolve supply issues in the short to medium term;
* Perceptions on both business profitability and sustainability are positive;
* The biggest concern remains staffing. Assisting staff with wellness solutions is on the increase but the availability of adequate staffing remains the core issue.
The WSBI (Western Sydney Business Index) survey and its subsequent report on longer-term trends began in the 2021 COVID-19 Delta Lockdown to better understand business health and operational conditions.
You can find the report at: chamberalliancews.com.au/news.