Australian Credit Climate: Australian Businesses Expect Slow Demand

Posted by Joachim Bartels | Oct 3, 2011 | Australia, Credit Information, Dun & Bradstreet, Dun & Bradstreet Australia, Member, Member News | 0 |

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

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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