Local News

Business Confidence Down

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The Northern Territory continues to trail in last place in the nations business confidence according to the latest Sensis Business Index.

It comes as the economy and job numbers have slowed now that construction of the Inpex gas project has been completed.

John Allan from Sensis said businesses are feeling the pinch.

"Businesses cite falling sales and an unfavourable business environment as their biggest concerns, whereas the main criticism of the territory government is that there is too much bureaucracy followed by a lack of support for rural areas,” Mr Allan said.

It's hoped today's fracking announcement will provide a much needed boost for the economy.