Confidence down, late payments and business failures up
As slow wage growth and lacklustre GDP figures weigh on the economy, expectations for sales, profits and capital investment are down for the third quarter of 2017 according to Dun & Bradstreet's June Business Expectations Survey. Upbeat employment and selling prices expectations provide some positive news, but the forecast is for choppy waters ahead.
"The overall cautious tone of business expectations remains, with the final result confirming lower confidence for the September quarter.
Actual activity also remained soft and lags well behind expectations. The on-going weakness in the economy, confirmed by the recent national
accounts for the March quarter, has been forecast by the D&B Business Expectations Survey in recent months and, on current measures, the economy is
expected to remain on a moderate growth trajectory into the second half of 2017."
Stephen Koukoulas, Dun & Bradstreet Economic Adviser