Is the Australian economy picking up based on your experience?
Hi Everyone, I just spotted this article in the Sydney Morning Herald is everyone experiencing an uptick? In your experience is the economy picking up or is this industry specific? It made me realise we are busier, had my head down keeping up with it lately.
My industry is busy if you do quality work. Many people offer low quality services so the demand for higher quality solutions has gone up in recent times.
Many businesses have been burnt by low quality operations so we often find our company fixing up the mess of others.
Overall I see some sectors moving up, yet other sectors more growth is needed.
Change in government does have some areas to deal with it as well, businesses are more fond of governments who watch spending limits and who are savvy with spending I will agree.
I work with lawyers who are - in my experience - inherently conservative and risk averse, so I've not seen the uptick yet; in fact a friend of mine's position was made redundant just last week. Historically the legal industry is last in and last out of any economic downturn, so I hope this means we will follow along slowly but surely.
I work with lawyers who are - in my experience - inherently conservative and risk averse, so I've not seen the uptick yet; in fact a friend of mine's position was made redundant just last week. Historically the legal industry is last in and last out of any economic downturn, so I hope this means we will follow along slowly but surely.
I run businesses in both restaurant and food wholesale. Since the May budget, I've noticed that the restaurant trade has dropped slightly, probably due to people tightening their belts due to all the negative publicity. However, the wholesale side with deliveries to grocery stores has definitely picked up, as people must be eating more at home.
Demand for our services has increased steadily through 2014 but I believe the demand is driven by a concern re the economy and the inefficiency of the banks in meeting small to mid cap business needs. My personal belief is that we are balancing close to the economic edge and are in desperate need of strong leadership and fiscal motivation.
Steven Freeman at Evolved Sound
It seems since the change in Government there has been a spike in confidence and decision making in certain sectors (comparative to just before the election). Uncertain how much life this spike has in it though.