STRONG SALES BOOST BUSINESS CONFIDENCE

Written on the 5 February 2014

STRONG SALES BOOST BUSINESS CONFIDENCE

 SALES activity is expected to reach a ten year high, with 47 per cent of businesses positive about trade according to research from Dun & Bradstreet.

The Business Expectations Survey shows the sales expectations index has risen for a third consecutive quarter to 37.5 points, the highest level since 2003.

D&B chief Gareth Jones says the lower Australian dollar, record low interest rates and booming Christmas period contributed to the boost.

“These recent findings consolidate a broad pick-up in the business outlook that was first observed in the final quarter of last year with more positive expectations for sales, profits, employment and investment,” he says.

“Of equally positive note, firms are reporting fewer obstacles to growth this year and revealing a greater willingness to start accessing credit to expand their operations.”

The finance, real estate and insurance sector is especially confident, jumping to 58 per cent compared to 18 per cent this time last year
.
D&B economic adviser Stephen Koukalas says rising selling prices and unemployment could potentially curb future activity.

“The upswing in the economy continues to unfold, although the only moderate levels for expected employment and capital expenditure suggest a fully-fledged upswing may still be a few months away.

“It appears that inflation pressures are building rapidly, with expected selling prices surging to a five-year high.

“The economy is clearly responding to an easy monetary policy and the lower Australian dollar – perhaps too well, and it would be no surprise to see it start hiking interest rates in the months ahead.”


Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter