Victor Dominello MP
Minister for Finance, Services and Property

NSW business conditions strongest in 2016-17

Businesses in NSW experienced the best trading conditions over the 2016-17 fiscal year, today’s NAB Monthly Business Survey shows.

The Business Conditions Index for NSW averaged 17 over the past 12 months to June 2017 – the highest in the country and more than three times the 10-year average for NSW.

Acting Treasurer Victor Dominello said, “NSW businesses are driving our state forward, providing jobs and growing our economy.

“This survey confirms we have the right conditions in NSW for those hardworking businesses to keep doing well.

“Importantly, the large pipeline of construction work in NSW, whether it be for housing or infrastructure, will continue to be the bedrock of success for businesses in this state.”

NSW business conditions have also been at or above the national average for 31 consecutive months.

The Business Conditions Index measures the hiring intentions, profitability, and sales activity of businesses in Australia.