Australian businesses remain cautious about the outlook for Christmas amid expectations of slowing demand and greater economic uncertainty.
According to the Dun & Bradstreet Business Expectations Survey for the December quarter, firms are keeping expectations for the holiday period firmly in check with more than 50 per cent of firms anticipating demand to slow over the next 12 months.
Dun & Bradstreet CEO, Christine Christian, said the December projections are significantly below where they were at this time last year.
“It’s clear that global economic uncertainty is affecting the confidence of business and consumers alike with knock-on effects for anticipated sales, profit and employment growth,” Ms Christian said.
To read the full release click on the link: DB Business Expectations Survey October 2011