Uplift in business sentiment
Australian businesses are looking ahead to the final quarter of 2017 with renewed optimism, suggesting businesses are becoming more confident in navigating a challenging economic landscape. In Dun & Bradstreet’s July Business Expectations Survey, companies forecast a lift in sales, profits, employment, investment and selling prices in the December quarter, and reported improved business conditions in the June quarter.
"Business expectations across the key aspects of the economic outlook have bounced back solidly, pointing to a lift in economic activity into
the latter part of 2017. Also encouraging was a rise in the actual performance of the economy in the June quarter, a result that bodes well for the
official GDP figures which are released in early September."
Stephen Koukoulas, Dun & Bradstreet Economic Adviser