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