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Newcastle Herald
Newcastle Herald
Business

Hunter business conditions 'undeniably challenging'

Melanie Chapman, owner of Pegs cafe at Whitebridge. Picture supplied

The employment outlook of the Hunter has changed, with one in five businesses expecting to cut staff in the next three months and 56 per cent anticipating zero growth, according to new data.

The Business Conditions Survey (BCS) - conducted by Business NSW in collaboration with Business Hunter - is the most informative temperature check of businesses across the state. This quarter, it revealed fragile sentiment, weakened by nine successive interest rate hikes and increasing costs of doing business.

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