Regional Business Review

Regional Business Review

Regional Business Review 3rd Annual Business Dinner James Hardie Dining Room Charles Sturt University Prepared by the Western Research Institute 22nd March 2004 Outline Regional Economy National Retail Industry Regional Retail Sector Changes in Central West Retail Key drivers and success factors Retail Outlook General Economic Outlook National and Regional

Australia Economic Growth + 3.5% pa N/a 5.8% 5.1% Unemployment Population Growth Central West + 1.2% pa + 0.1% pa

Source: Australian Bureau of Statistics Sales Performance 10 Net Balance 8 6 4 2 0 -2 -4 -6 Source: Regional Business Survey sponsored by the Central Western Regional Development Board and Country Energy

Regional Comparison 5 4 Net Balance 3 2 1 0 -1 -2 Central West Mid North Coast

Murray Murrumbidgee North Western Northern South Eastern Source: Regional Business Survey sponsored by the Central Western Regional Development Board and Country Energy Sector Comparison 5 4

Net Balance 3 2 1 0 -1 -2 -3 Agriculture Business and Professional Services Tourism Manufacturing and Mining

Retail Source: December quarter Regional Business Survey sponsored by the Central Western Regional Development Board and Country Energy Significance of Retail Australia Central West Value Added $34 billion $325 million Employment 1.3 million

Sources: ABS and WRI Input Output Table 10,300 Retail Employment Profile 12% of Australian workforce 60% female 50% of all young people with a job work in retail Two-thirds are casual / part-time 25% of employment flow-on effects captured by retail Source: Retail Industry Profile prepared by the Australian Retailers Association Retail Sales Performance 10.0 8.0 6.0

4.0 2.0 0.0 Mar-03 Jun-03 Sep-03 Dec-03 Source: Regional Retail Survey sponsored by Reliance Credit Union Regional Comparison 10 Net Balance 8

6 4 2 0 Bathurst Blayney Cow ra Dubbo Forbes Lithgow Mudgee

Orange Parkes Wellington Source: Regional Retail Survey sponsored by Reliance Credit Union Sector Comparison 10 Net balance 8 6 4 2 0 Clothing

Food Hospitality Household Motoring Other Recreational Goods Source: Regional Retail Survey sponsored by Reliance Credit Union Retail Shift Share Analysis Analysed job growth 1996-2001 Looking for sectors growing above state & industry averages Outperforming retail sectors: Specialised food + 23% Furniture & houseware + 71% Other Personal & household + 46% Source: Central West Shift-Share Analysis commissioned by the Central Western Regional Development Board

Building Approvals Change in value of Building Approvals (Four Quarter Moving Average) 70.0% 60.0% Central West 50.0% NSW 40.0% 30.0% 20.0% 10.0% 0.0% Mar-99 Sep-99 Mar-00 Sep-00 Mar-01

-10.0% Sep-01 Mar-02 Sep-02 -20.0% Source: Australian Bureau of Statistics Mar-03 Sep-03 Key Industry Drivers Level of consumer confidence Rate of household formation Level & changes in interest rates Population growth Economic growth Household disposable income Source: IBISWorld

Key Success Factors Good product offering Loyal customer base Clear market position Superior after sales service Access to latest technologies Economies of scale Proximity to key markets Source: IBISWorld Retail Outlook Retailer expectations slightly lower for March quarter of 2004 Long run average sales + 4% MONASH + 1.8% in 2004-05 Higher AUD increases demand for imported cars, electronics, etc Increased competition for market share

Growth Outlook Sector Central West Share Growth in 2004 Primary 21% + 9.4% Secondary 18%

- 0.9% Tertiary 14% + 3.0% Quaternary 29% + 3.4% 6% + 4.2%

Quinary Total + 3.5% Sources: Business Review Weekly State of the Nation 2004 and WRI Input-Output Table General Economic Outlook Business expectations higher for March quarter of 2004 Rebound in farm production Slowdown in housing market Strong domestic economy AUD forecasts 65.8c to 80c US Possibly higher interest rates Low inflation in RBA 2-3% range

Recently Viewed Presentations

  • Powerpoint template for scientific posters (Swarthmore College)

    Powerpoint template for scientific posters (Swarthmore College)

    Dr. Cathy L. Connor University of Alaska Southeast, Environmental Science Program UAS Glaciation and Climate Change course students Alex Sargent and Nat Kugler observe the changing Mendenhall Glacier Terminus (Connor 2010 photo) Introduction The recruitment of science students into university...
  • BitTorrent Technology

    BitTorrent Technology

    Century Schoolbook Arial Wingdings Wingdings 2 Calibri Oriel Oriel Oriel Oriel Oriel Oriel Oriel BITTORRENT TECHNOLOGY HISTORY TECHNOLOGY TECHNOLOGY TECHNOLOGY BITTORRENT PROCESS BITTORRENT ANIMATION ADVANTAGES DISADVANTAGES WHERE TO GET TORRENT FILES THE PIRATE BAY DEMONOID MININOVA BITTORRENT CLIENTS VUZE VUZE...
  • Fight Fire With Fire - teachers.henrico.k12.va.us

    Fight Fire With Fire - teachers.henrico.k12.va.us

    Back Fear "Bursting with fear" This line pretty much speaks for its self. People were truly scared and so was the government. They were scared of communism coming to America and afraid of being bombed. Back Repetition The repetition of...
  • Quartz Resonator & Oscillator Tutorial

    Quartz Resonator & Oscillator Tutorial

    This report is a reprint of a chapter, "Communications Frequency Standards," in The Froehlich/Kent Encyclopedia of Telecommunications, Vol. 3, pp. 445-500, Marcel Dekker, Inc., 1992. Atomic resonators are inherently noisy due to the discreet nature of atomic transitions.
  • Managing people in a changing world Improving productivity

    Managing people in a changing world Improving productivity

    Negative outcomes & behaviours . Some. expectations not met & resources wasted. MORE PRODUCTIVITY. PRODUCTIVE PERFORMANCE. Mostly people? More wasteful outcomes & behaviours . More negative. outcomes & behaviours . PACE at work: creating new situations. Develop Capacity.
  • The Rise of the Corporation - Bob Farley Homepage

    The Rise of the Corporation - Bob Farley Homepage

    The owner realizes all the profits and assumes responsibility for all losses. ... its shareholders and managers are ordinarily not liable for corporate indebtedness. One exception is the liability of the 10 largest shareholders of ... The Rise of the...
  • In re ENV

    In re ENV

    LUC Remand 6/6/17 Order. KOCA's 11/22/17 Motion to Reopen "(2)clarify the basis of the Planning Commission's proposed additional Condition No. 3, which specifies a December 31, 2022, date within which the Applicant is to identify an alternative site that will...
  • UCSF Presentation Template

    UCSF Presentation Template

    Author's Name Here. Position Title Here. Presentation Title and/or Sub Brand Name Here. 3/25/2019 " This page is another option should you wish to utilize a quote as a stand-alone slide within your presentation. The rest is lorem ipsum. Utenim...