CENTRAL HIGHLANDS BUSINESS SURVEY 2023

Key Findings

The survey registered significant gains in the overall performance, revenue, and customer indices compared to 2022, demonstrating the resilience of Central Highlands businesses in the face of challenging conditions.

Businesses are under increasing pressure due to escalating operating costs and a shortage of skilled labour.

Sentiment for the coming year is stable, with little change expected in overall performance and revenue. Encouragingly, growth is anticipated in customer and staffing levels.

Two thirds of local businesses have considered decarbonisation, with the majority (70%) focusing on energy optimisation.