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SYDNEY (XFN-ASIA) - Dun & Bradstreet said its June survey of business expectations shows Australian businesses are expecting a strong start to the new financial year in Australia starting July 1.
The firm said the quarterly survey showed its D&B index for expected sales rose 13 points from the March survey to a reading of 15, with 37 pct of executives surveyed expecting an increase in sales and 22 pct expecting a decrease.
D&B said its profits index rose 12 points to eight points with 32 pct of executives expecting profits to rise and 24 pct expecting a fall.
Employment expectations were up eight points to an index reasing of six, with 18 pct expecting an increase in staff, and 12 pct expecting a reduction.
D&B said capital investment expectations rose 10 points from the previous survey to an index reading of 12, with 18 pct expecting an increase and six pct expecting to cut spending.
Inventories expectations rose six points to an index reading of two.
But the selling price index fell nine points to a reading of 49, with 55 pct of firms now expecting to raise prices and six pct expecting to decrease prices.
The survey covered 1,200 business owners and senior executives representing major industry sectors across Australia.
D&B Australia chief executive Christine Christian said the survey shows business leaders are feeling confident about the new financial year as gasoline price pressure eases and sales growth trends upwards.
Christian said business leaders are feeling more confident about managing the ongoing fluctuation in gasoline prices and consequently more confident about the impact on their businesses than they were five months when sentiment was being quite heavily impacted by high gasoline prices.
Then they were forecasting growth in selling prices and indicating that they would be cutting back on expenditures elsewhere.
Christian said business leaders are now feeling more confident about managing the ongoing fluctuation in gasoline prices and consequently more confident about the impact on their business.
"As we approach the new financial year executives are still watching the impact of petrol prices closely but are indicating they are planning to invest in both jobs and capital expenditure on the back of expected improved sales," she said.
SYDNEY (XFN-ASIA) - Dun & Bradstreet said its June survey of business expectations shows Australian businesses are expecting a strong start to the new financial year in Australia starting July 1.
The firm said the quarterly survey showed its D&B index for expected sales rose 13 points from the March survey to a reading of 15, with 37 pct of executives surveyed expecting an increase in sales and 22 pct expecting a decrease.
D&B said its profits index rose 12 points to eight points with 32 pct of executives expecting profits to rise and 24 pct expecting a fall.
Employment expectations were up eight points to an index reasing of six, with 18 pct expecting an increase in staff, and 12 pct expecting a reduction.
D&B said capital investment expectations rose 10 points from the previous survey to an index reading of 12, with 18 pct expecting an increase and six pct expecting to cut spending.
Inventories expectations rose six points to an index reading of two.
But the selling price index fell nine points to a reading of 49, with 55 pct of firms now expecting to raise prices and six pct expecting to decrease prices.
The survey covered 1,200 business owners and senior executives representing major industry sectors across Australia.
D&B Australia chief executive Christine Christian said the survey shows business leaders are feeling confident about the new financial year as gasoline price pressure eases and sales growth trends upwards.
Christian said business leaders are feeling more confident about managing the ongoing fluctuation in gasoline prices and consequently more confident about the impact on their businesses than they were five months when sentiment was being quite heavily impacted by high gasoline prices.
Then they were forecasting growth in selling prices and indicating that they would be cutting back on expenditures elsewhere.
Christian said business leaders are now feeling more confident about managing the ongoing fluctuation in gasoline prices and consequently more confident about the impact on their business.
"As we approach the new financial year executives are still watching the impact of petrol prices closely but are indicating they are planning to invest in both jobs and capital expenditure on the back of expected improved sales," she said.
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