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AUSTRALIAN BUSINESS EXPECTATION SURVEY INDICATES MORE PAIN

Australia’s business executives are anticipating a further decline in economic conditions in the December quarter as high fuel prices, continued inflationary pressures and a cut back in consumer spending hurt sales and profit margins. 

All indexes except selling prices remain in negative territory.  Sales and profits growth expectations continue to fall, down 42 and 41 points respectively from the highs of the December quarter 2007.  Employment growth expectations are at the lowest point since June 1991.  Capital investment expectations are unchanged at an index of minus seven.  Selling price expectations have climbed six points to an index of 57.

Source: D&B Australia http://www.biia.com/library.php#209

BIIA Newsletter September 2008

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