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|Dun & Bradstreet Business Expectations Survey - Q4 Preliminary results|
|Tuesday, 02 August 2016|
Business expectations for sales, profits and employment have bounced back for the three-month period to 31 December 2016, according to Dun & Bradstreet’s July Australian Business Expectations Survey. The surprising turn of events follows recent market uncertainty as a result of the shock ‘Brexit’ vote and the Australian federal election result.
Dun & Bradstreet’s Business Expectations Index, the average of the survey’s measures of Sales, Profits, Employment and Capital Investment, has increased to 17.9 points for the fourth quarter of 2016, up from 12.3 points for Q3 2016, but down from 21.8 points in Q4 2015. The preliminary Q3 result is 10.3 points above the 10-year average of 7.6 points.
According to Stephen Koukoulas, Economic Advisor to Dun & Bradstreet: “There has been an impressive and welcome surge in business expectations in the post-election period. Expected profits, employment and sales have all jumped sharply, which bodes well for the economy over the second half of 2016. Indeed, the data for the Business Expectations Index suggest economic growth averaging around 3 per cent over that time.”
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