Friday, 2 August, 2019

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Business performance in the Hunter region softened dramatically in the first half of 2019.That is according to the latest Hunter Region Economic Indicators analysis, which was released at the Hunter Economic breakfast on 26 July.

Dr Anthea Bill, lead economist for Faculty’s Hunter Research Foundation (HRF) Centre, presented her insights to an audience of 300 business leaders at the Newcastle event. Dr Bill says that business confidence in the health of the regional economy over the next 12 months improved slightly in the first half of 2019. This view follows a sharp downward trend in the second half of 2018, a correction following buoyant confidence in the preceding time period.

Dr Bill's presentation included analysis of the latest Hunter regional data on the use by businesses of information and communication technology. Adoption continues to trend upward. In relation to certain technologies, this upswing corrects a period in previous years where the region lagged behind national averages for use of websites and social media, for example.