Headline: Events Season Provides a Lift
In the March quarter 2015 survey the business activity index increased by 6% – from 122 points to 129 – while the short term business outlook index fell slightly – down by 2% to 116 points. Business activity was supported by the World Cup Cricket and the events season in Adelaide. The Adelaide Fringe reported a 21% increase in box office when compared with 2014. Domestic passenger movements at the Adelaide airport in the financial year to March were up by 3% and international up by 8%. The Riverbank Precinct and other new infrastructure in Adelaide continue to have a positive impact. Labour force data indicates employment in accommodation and food services was up by 10% in February 2015 compared with the previous year.
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