Aussie firms optimistic as forecast sales hit decade high
AUSTRALIAN firms including those in regional areas are beaming with optimism as forecast sales hit their highest point in a decade, according to new Dun &Bradstreet data released today.
The latest research collected through a survey of more than 400 executives found 70% of businesses expected growth this year compared to last year, 38% expected bigger profits and 20% planned to borrow to expand their firms.
The executives who contribute to D&B's Business Expectations Survey come from a cross-section of industries and include regional Australian companies.
Business confidence has been building since the final months of 2013 which followed the Federal election.
Those in manufacturing, wholesale, retail, construction, real estate and service industries all expect higher sales for the June quarter of 2014, with only communications, transport and utilities reporting a hint of pessimism.
D&B economic advisor Stephen Koukoulas said a "fully-fledged upswing" may still be some months away.