Capital expenditure halts and firms shed employees as sales projections dip
Executives are increasingly pessimistic about the outlook for the new financial year, despite selling prices remaining steady and the majority of firms experiencing sales growth during the March quarter. Those in the manufacturing, wholesale and retail sectors will allocate less capital to fixed assets and take on less staff in the coming quarter, as profit expectations from key decision makers falls well below the 10-year average. These are the results of the latest Dun & Bradstreet
Business Expectations Survey that examines expectations for the September quarter of 2011.
Source: D&B Australia
To read the full story click on the attachment: June 2011 – Business expectations continue to fall