Business confidence at its highest level in six years

Business confidence at its highest level in six years

Business confidence on the Sunshine Coast has risen to its highest level since 2009 according to the latest surveys.

Findings from the Sunshine Coast Business Confidence Survey revealed confidence levels had risen higher than before the Global Financial Crisis and the last Federal Election.

More than half of businesses surveyed expected an increase in profitability over the first half of 2015 and 53% reported that their business had performed stronger over the past six months compared to the previous survey period.

Suncorp Bank Head of Financial Market Research Darryl Conroy said the highest recorded rise in the confidence index level was the most encouraging survey result.

Mr Conroy said the result was in contrast with national business surveys which suggested a weakening environment for the business sector.

Now in its sixth year, the Sunshine Coast business confidence survey, supported by Sunshine Coast Council, regularly attracts hundreds of business respondents to its biannual survey and is regarded as an important barometer for business conditions across the region.

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