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

Adelaide bureau average sydneysider professional services high density gender visual in depth interviews cartodb resource mortgage social lives Northern Beaches mining boom Myth Christmas presents work mates home not for profit middle class royal poor entertainment commute 24 million religion population map collaborative mccrindle friendship Queensland: QLD Sydney Hills Business Chamber households Australian Families conference speaker Australian communities video typical australian tertiary education newspaper ethnography sustainable Australian Home weekly earnings etiquette Financial Planning Association of Australia balance faith Love Work place anzac housing growth business performance keynote Andrew Duffin university degree Deaths community System's Architect cost of living population growth Scouts millenials online shopping survey design event safe DIY neutral bay snapshot real spirituality forecasting impact VIC sydneycity 2013 mccrindle in the media future wage tea housing families offenders gen alpha census fail household Wellington demographer entrepreneurs of today cold JOMO renter of the future education future eliane program 2014 logan housing market church investor Geoff Brailey publication Financial Planning Week population Western Australia charity bus growth local community CPI sydney metro GPO trend office jobs of the future participants identity rule keeper TDE school students presentation not-for-profit group session 1980 live the dream non profit omnibus tableau rising house prices urban living the changing face of New South Wales water Northern beaches Event train sydney speaker eliane miles Research Director cars Births meetings unaffordable wealth and income distribution daily telegraph REIV National Conference capital city baby names report Wodonga unemployment charities forecast conferences university post rationalism story Canberra goal politics research services Australians demography generation australian communities forum leadership researcher infographic travelling stay home change deloitte wealth and income insight mobile friends house prices energy language lalor park entrepreneurial NEETs sector wide hills hills shire owning a home children trades healthy future debate WA social research money state future of education global generations mother's day conference presentation generation alpha priorities generational trends community engagement men office opening royal baby communities learning styles Generation X learn blaxland supply and demand workforce business research pack NT Skilling monarchy SMSF future proof high density apartments culturally diverse Education Future Forum investment mccrindle research Aussies thrive average Australian mateship entrepreneur trends analyst generation Z sunburnt country networking low density FPA cloudy days suburb city environment Channel Seven society trends social commentary sydneysiders winter Social Trend buildings February 16 results urban living index mythbusting education research Aussie optimistic screenage living vegemite social commentator teachers marriages study consumer Crime Rates choice workers mentor future proofing Real Estate Kirsten Brewer FOMO darwin aged care puzzle Tuesday Trend Australian schools spend google for education authenticity generations royal influence renting overcast cooking define Research Executive high school house price sydneysider australians staying home more hopes New Zeland interactive data intern brand summer selfie investing product megatrends Australian community trends workplace education sector futurist rain careers baby socialites educhat innovative cultural diveristy social trends ABS NFP event rich group cancelling plans perth case study names award quote Australian Trends ease of travel global financial crisis sports socialising challenge 2015 domestic work communication global social life new office baby boom "know the times" victoria tuesday The Daily Edition infographics organisations career food shopping mythbusters social researchers survey marriage online research report twentyseventeen professional presenters property market salary events English australian social research new york times REIV Conference consumerism transport emerging generations work-life leader financial planning ageing population recap house training trend tuesday Word Up budget census coffee easy rider presentations affordable going out growing population royal family emerging technologies finance care support financial dreams Christmas lunch Australian Bureau of Statistics earning vegetarian grandparents increasing densification Macquarie University shopping centre cultural diversity debt public speaker casual click SRE wealth distribution business index 40 million VET sector Australian Dream lifestyle national wealth teaching bondi ACF 2016 Melbourne Vocational education seasons ageing NBRS teach micro Australian Census parenting housing trends education future report #censusfail Tuesday Trends communications employers the hills shire thought leadership educated dessert Population Clock news World Water Day curiosity Hornsby Shire Council education divorce infographic wall millennials trends of 2017 dare to dream personalities states research data baby name predictions personal growth financial independence Generation Y affordability leadership workshop wages know the times staff professional development greatness Christchurch townhouses customer the australian dream moreton bay conference sector wide study responsive rise of local trends visualisation pyrmont 2012 baby name trends australian communities trends report Northern Territory rental stress wedding school earn belief micro apartments resilience January 26th showreel high density living dreaming population milestone menai home ownership brisbane Australian demographics teleworking teacher annual income financial fears speakers land of the middle class ashley fell mccrindle tea toys NBRS Architecture alpha crime couple report litter market research 24,000,000 year 12 gold coast 1975 sector hobart environmental scanning easter faux-ciliser 2016 census results census results crows nest wolloomooloo Gen Y australia urban workshop prince george ferry world youth day keynote speaker ipswich shifts 1994 child care tv TED apartments emerging trends PSI school satisfaction society christmas The ABC of XYZ research village pharmacies staying in holiday world the hills research visualisation property faux-cilise Do It Yourself Kiwi optus graphs weather Mark McCrindle schools IT Specialists demographic transformations hello fresh TAS housing affordability income Valentine’s Day Tasmania future-proof aged care divorce rate outsourcing residents culture millionth earnings Territory economy aussie culture parents data analyst Australian Communities Trends financial nfp ACF2017 moderators guide volunteers Channel 7 volunteering data suburbs breakfast Merry Christmas internship Engineering Manager community event christianity Royals DESTEL future of shopping trends of 2016 ACT focus group pharmacy repayments social impact facts financial future Financial Planning Association internet life Caregiver sydney event australian community trends report EFF Real Estate Institute of Victoria social analysis employment shbc follow marrickville Sydney goals South Australia sun relational plans national crime rates builders manly Australia street future of work media release analysis volunteering public holiday workplace culture engagement 2016 census travel local communities relevant gig year 7 changing face of sydney cost family marketing stats qualitative research average aussie learner Duchess of Cambridge norwest demographics wealth ashley mckenzie Charlotte social issues Assistant Store Manager long weekend gig economy Australia Day 2017 skills ACF geomapping social researcher volunteer woolworths census 2016 baby names australia report hornsby women 2016 Netflix urban taskforce local student potts point statistics demographic rent 23 million national private wealth youth Queensland waverton SA australian motivate forum the great screenage social shifts ideas TED talk innovation Australia Day list ultimo storytelling media commentary home owner 1968 focus groups professional students Australian Population data visualisation Hills Shire Council christian James Ward optus my business awards young people google engage 10 years property price tips experience car economic shopper's pick social change media activity McCrindle Speakers medicine demographic trends proactive criminal SMART HSC meals Sydney keynote speaker baby name retirement Bathburst VET TEDx technology insights Res Vis slideshare suburban living father's day cancel plans acf15 daily commute winter blues Christmas season in the media digital jobs huffington post kate middleton schools students sentiments purpose princess charlotte CBD office space happiness government 2020 speaker poker master celebration narcissism small business social enquiry brand experience social cash public speaking capital cities holidays 2017 chairty apartment cica fresh house price rise organisational culture sunny days cancelling event panel contiki mover and shaker media ACF17 Wagga Wagga baby boomers commuters young australians equip collaboration New Zealand area wellbeing NSW census data internships learning dream fears communicate professional speaker paying to work youth unemployment dreams gen z sydney hills faux-cilising the average aussie social media baby names award winner clothing Northern Beaches Christian School Gen X speakers pack brands tattoos grave decision

Archive