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Last modified: 13 Sep 2023 9:58pm

Mayor Sam Broughton speaks to a seated audience

Selwyn businesses have reported feeling more optimistic about the future and current business conditions than their nationwide counterparts, in the latest Selwyn Business Survey.

The twice-yearly survey, which Council has been running for three years, captures valuable information for businesses and those involved in supporting the Selwyn business community. Results provide insights into how local businesses think they are faring and what their outlook for the next several months is.

The survey, which ran from 25 July–15 August, attracted 121 responses and found that overall, local businesses expected conditions to continue improving, including profitability and investment intentions. Businesses also reported carrying more staff and planning to increase their number of employees, although recruiting staff was continuing to be difficult.

Other notable results include output/sales continuing to rise steadily over the last 12 months, with 27% of businesses expecting this to increase.

Operating costs were continuing to remain high, with 92% of businesses experiencing increases. However, the outlook for the next six months sees this reducing to 75%. Businesses pricing intentions were also steady and decreasing slowly from a high of 58% in February 2023.

Results from the survey were presented to businesses during a sold out Selwyn Business Breakfast at Te Ara Ātea last week by Economist Benje Patterson. They are available to view on the Selwyn District Council website