Final Quarter Business Prognosis
A Dun & Bradstreet Expectations Survey concludes a rise in current low business optimism will depend to a large extent on policies of the newly elected Coalition Government. The survey shows only 5% of Australian businesses were optimistic about growth in this year’s final quarter. Least optimistic were those in the service and wholesale sectors where growth expectation was down to 2%. This was in a situation where businesses generally were “sitting tight” at the end of the third quarter, waiting to see what the Government would or wouldn’t do and where expectations for sales, employment and investments had reached their lowest levels in three years.