By: Staff Reporter
The outlook for business conditions in the December quarter has improved with Australian executives expecting a strong turnaround in the months ahead.
According to Dun & Bradstreet’s latest Business Expectations Survey, sales and profits expectations – two key indicators of business strength – have risen substantially over the past quarter.
Christine Christian, Dun & Bradstreet CEO, said the news augured well for the nation’s economic growth in the coming months.
She warned however that executives remained cautious on employment and capital investment.
“These results signal that there is still a way to go before we return to the overall levels of confidence and prosperity that existed prior to the onset of the Global Financial Crisis.
“But if executives take a long term approach to business management… Australia should be well positioned to accelerate the pace of growth while many other developed nations continue to face economic stagnation,” she said.