Hills Business Performance Sentiment Index

Wednesday, May 03, 2017

On Friday in conjunction with The Hills Shire Council and the Sydney Hills Business Chamber, we released the Hills Business Performance Sentiment Index which gives an ongoing measure of the local economic conditions and business confidence. 

This study, now in its third year is very important in an entrepreneurial hotspot like the Hills, which is home to more than 20,000 businesses and almost 100,000 employees. 

The area is also strong with start-ups, which are expanding the local economy. Every week in the Hills, 15 new businesses commence operations and with the new transport infrastructure, commercial constructions and emerging urban centres, the number of new business start-ups locally will likely accelerate.

This year’s results highlight the challenging conditions local businesses are currently experiencing. The overall rating this year is lower than last year although the forward forecast remains strong. The current economic conditions are subdued and business expenses are up, yet such is the way of Australian entrepreneurs, their sentiment and outlook is decidedly positive.

Of the 21 measures, the two that scored the lowest, highlighting the biggest challenges, were the increasing business costs and the local infrastructure challenges. The highest two scores indicated that revenue forecasts for the six months ahead will rise and that local businesses forecast they will take on more staff this year. Therefore, the flat domestic economy, issues from under-construction local infrastructure and higher costs to revenue metrics are all viewed as temporary, though challenging circumstances.

Our thanks go to The Hills Shire Council and the Sydney Hills Business Chamber who recognise the importance of this Business Performance Sentiment Index in a growing local economy, amidst volatile times and facing massive change. Their foresight to commission such a project, commitment to its ongoing deployment and generosity in making it freely available to the business community is to be heartily commended.

Download the full report here.



Click below to view the previous Hills PSI Reports

Understanding and supporting business in the Hills Shire: The second Hills Shire Business PSI

Thursday, May 12, 2016

2016 marks the second Hills Shire edition of the Business PSI, a tracking index created by McCrindle to measure business conditions, performance, and sentiment through a survey of businesses residing in the Hills Shire area. The Business PSI can be used across local governments and regions to better understand and support local business.

The Sydney Hills population is growing 20% faster than the national average (1.9% p.a. compared to 1.6% p.a.) at 169,872 people each year, with average households being significantly larger than the national average (3.1 compared to 2.6 people per household) and home to a higher proportion of students, university educated adults and full time workers than the national and state averages.

The Hills Shire Business PSI is an important measure for an area that relies so heavily on small business as a driver of the local economy. The 2016 survey was conducted 6 months on from the initial survey and captures the constant change in the Hills Shire region.

Download the full report here.


Businesses expanding and growing in the Hills Shire

The results from 2016 show that the business environment is more positive 6 months on from the last survey with sentiment being significantly improved from last year. Businesses are expanding and projected to expand even more in the next 6 months, with business owners seeing this not only as a physical expansion but also due to increases in staffing levels, as the region continues to grow.


Business owners more positive about national economic conditions

Business owners perceive the economic conditions of our nation to be considerably better than 6 months ago with conditions expected to improve even more over the next 6 months. This increase was also reflected in perceptions of the local economic conditions.


New Additions to the PSI survey

The Net Promoter Score was introduced in 2016 as a measure of how likely business owners and managers are to recommend doing business in The Hills Shire to a friend or colleague. 78% indicated that they would probably or definitely recommend The Hills Shire as a place to do business to a friend or colleague, showing high levels of engagement.

Chairman of the Sydney Hills Business Chamber, Anthony Moss, in partnership with the Hills Shire Council, commissioned the Business PSI to measure the pulse of the Hills Shire. “The Business PSI survey results reflect a true snapshot of business in the region. We are thankful for those who completed the survey, including individuals representing businesses of all sizes including, medium to large (20+ staff), small (5-19 staff), micro (1-5 staff) and non-employing businesses.”

Hills Shire Council Mayor Dr Michelle Burns endorses the PSI tool. “The Sydney Hills Business Chamber and the team at McCrindle Research have done another fantastic job at measuring the sentiment of businesses in The Hills. It’s great to hear that the sentiment is generally improving – however it’s unsurprising that the main frustration of businesses is infrastructure.”

The results of the 2nd Hills Shire Business PSI were presented on 11 May 2016 at the Castle Hill RSL and are available for download via the Sydney Hills Business Chamber website.


 

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

Gen Y bus hornsby australians staying home more 1980 Kiwi baby name predictions public holiday panel wage poker master TDE increasing densification sunny days medicine investor home local communities suburban living year 12 mccrindle tea small business earnings Australian Population government ethnography McCrindle Speakers demographic transformations group session schools students storytelling megatrends market research gold coast internships townhouses volunteers spend entrepreneurial optus my business awards summer resource ageing wages trends of 2016 Queensland: QLD mother's day Financial Planning Week monarchy young australians eliane religion Melbourne JOMO Valentine’s Day house price rise video educated renting urban living index define customer royal baby personalities visual shbc global financial crisis changing face of sydney area etiquette urban taskforce moreton bay culture families jobs ABS teleworking sentiments facts sports work collaboration personal growth office space tuesday hobart Australian Bureau of Statistics mateship low density Skilling award communications property market the average aussie Merry Christmas mover and shaker year 7 emerging generations slideshare eliane miles 2016 census results social optus baby name leadership conferences easter cars Netflix financial independence Christchurch resilience baby grave decision house priorities Australian schools australia social enquiry entrepreneur PSI DIY study 40 million darwin property future of shopping marriages meals insight clothing group fears responsive office opening baby names micro apartments publication IT Specialists Canberra New Zeland The Daily Edition divorce rate social shifts cancel plans gender lifestyle seasons Macquarie University alpha speakers learning styles 1968 new office coffee culturally diverse thrive Christmas presents church marrickville Queensland census fail purpose food shopping domestic case study SMART daily commute water focus group unaffordable village ferry participants litter potts point learning narcissism ACF Sydney challenge Myth teacher Australian Families offenders collaborative divorce sydney speaker sydney hills staff careers princess charlotte crows nest story financial leadership workshop state 2013 wealth and income innovative mobile workshop aged care puzzle future-proof career breakfast futurist Northern Territory Territory wedding Australia Day 2017 Christmas season housing crime demographic trends Northern Beaches housing trends 1994 capital cities 2016 keynote speaker Andrew Duffin forecast new york times schools FOMO cloudy days google budget Social Trend fresh financial dreams twentyseventeen outsourcing the hills shire holiday Sydney Hills Business Chamber generations 10 years tv deloitte neutral bay tattoos Sydney keynote speaker infographic wall sun investing media activity trends of 2017 education Christmas lunch national wealth woolworths builders repayments travel safe poor EFF baby boomers forecasting criminal research visualisation Australian communities workplace school rise of local faux-cilising Word Up business belief SA wellbeing social trends teach baby names australia report millennials long weekend youth demographer keynote consumerism faux-ciliser affordability 24,000,000 NBRS christianity Royals teaching property price affordable Population Clock FPA learner investment news DESTEL debate focus groups future post rationalism hello fresh cartodb not-for-profit Caregiver acf15 events average Australian brand experience know the times newspaper demographics SRE infographic high density trends social impact Western Australia sydneycity teachers professional services trades GPO nfp Wodonga overcast household life change buildings students qualitative research ashley mckenzie states balance university degree educhat australian communities trends report brand hills shire NEETs house prices REIV National Conference average sydneysider housing affordability 2016 census supply and demand society trends Aussies school satisfaction student debt recap professional city greatness environment census baby name trends generation Z workforce Gen X waverton households contiki high density living social life HSC happiness media commentary research report motivate sydneysider 24 million February 16 cica 2020 celebration housing growth James Ward christmas vegemite organisations average aussie plans learn housing market education future report trend Love friendship work-life urban charity Births census data community Adelaide Research Executive emerging technologies house price follow sydney event forum population milestone generation alpha earning Education Future Forum middle class 2015 2014 home owner demographic organisational culture Generation X economic mortgage norwest Hornsby Shire Council equip tea entertainment land of the middle class VET politics REIV Conference wealth world youth day digital employment society gen alpha Real Estate Institute of Victoria experience socialites faith product pharmacies non profit online dream proactive young people #censusfail ideas professional speaker survey generation language cultural diversity tableau income dare to dream Generation Y CBD Bathburst names healthy future Channel Seven Wellington parents wealth distribution aged care Charlotte transport Duchess of Cambridge tips Northern beaches Event cooking rising house prices millionth goals blaxland national crime rates office holidays in the media brisbane cancelling event micro NT baby names report innovation family NBRS Architecture cold wolloomooloo stats gen z mythbusters tertiary education shifts Financial Planning Association of Australia Financial Planning Association annual income results Tuesday Trend presentation relational visualisation intern communicate goal VET sector WA the hills commute children high density apartments Wagga Wagga national private wealth shopping centre business index dessert living social researcher future of work couple royal training internet the australian dream Deaths earn business performance social change social media professional development aussie culture social lives event Australian Dream statistics mining boom home ownership growing population energy wealth and income distribution census 2016 CPI not for profit Channel 7 2012 mentor Aussie financial future sector wide study growth Do It Yourself geomapping workplace culture media release cost of living ACT social research australian communities forum going out school students salary logan Scouts Kirsten Brewer analysis Australian Trends Australian Communities Trends sustainable list socialising trend tuesday residents sector award winner ashley fell relevant thought leadership interactive moderators guide future of education high school Crime Rates population mccrindle meetings identity weekly earnings father's day future proofing mccrindle research English authenticity winter blues suburbs TAS victoria future proof winter report trends analyst parenting The ABC of XYZ google for education royal family research social researchers communities ease of travel vegetarian internship sydneysiders cost mccrindle in the media pharmacy menai ACF 2016 typical australian community event apartment urban living System's Architect communication retirement presentations university cancelling plans weather lalor park program car shopper's pick 2017 anzac women rent Res Vis Australian Census Australian demographics hopes stay home ultimo staying in perth Australian Home New Zealand baby boom rule keeper "know the times" technology australian social research real snapshot capital city christian community engagement click ipswich grandparents social commentary World Water Day the changing face of impact travelling friends conference speaker spirituality Vocational education local sector wide census results brands paying to work huffington post data analyst financial fears NSW networking insights population map suburb Tasmania Mark McCrindle child care SMSF employers pyrmont bureau education sector owning a home education research economy quote prince george ageing population marriage local community curiosity leader apartments public speaking omnibus media entrepreneurs of today Real Estate conference presentation VIC Australia Day toys bondi sunburnt country consumer cultural diveristy emerging trends optimistic researcher marketing research pack data visualisation men research data Assistant Store Manager environmental scanning social analysis South Australia dreaming demography Geoff Brailey daily telegraph royal influence skills data renter of the future manly work mates graphs January 26th Work place unemployment rain engagement rich global generations mythbusting commuters Engineering Manager Tuesday Trends public speaker generational trends millenials social issues in depth interviews global New South Wales sydney metro rental stress Northern Beaches Christian School survey design faux-cilise world education future population growth Australians youth unemployment cash 1975 research services finance social commentator jobs of the future conference 23 million online shopping selfie Hills Shire Council engage easy rider train kate middleton

Archive