Muted outlook for sales, profits

Australian business leaders’ expectations for sales and profits in the September quarter have stalled according to illion’s latest Business Expectations analysis. In the light of the nation’s moderate economic growth, soft inflation figures and flat-lining profit growth, the economy may be reaching a turning point.

"The banking royal commission could have far-reaching consequences for the Australian economy. We may see a tightening in the availability of credit for both business and consumers as financial institutions reassess their lending processes."
Simon Bligh, illion CEO

For our media release, please click here
For our full analysis, please click here