Fourth quarter outlook for increased sales at 11-year high
After stalling over the past three months, the outlook for sales has risen to the highest level since 2003, with 46 per cent of businesses expecting increased activity in the fourth quarter of the year while nine per cent anticipate fewer sales and the majority no change.
The upbeat response to Dun & Bradstreet’s monthly Business Expectations Survey has taken the sales index to 36.6 points, well above its 10-year average of 13.08 points and a breakout from the relatively flat movements in the survey’s other measures of profits, employment, capital investment and selling price expectations.
The sharp lift in the sales index has been driven by a particularly positive outlook from the services sector, of which 63 per cent expect increased selling during Q4 2014 while 11 per cent are anticipating a decline. This response has seen the services industry sales index jump to 52.5 points, up from just 4.0 points last year.
To read the full report click on this link: DB Business Expectations Survey – Q4 2014 – prelim
For more information please contact:
Josh Maher
+61 498 142 567
+61 3 9828 3644
+61 3 9828 3644
