Concern over the consistently high Australian dollar has risen significantly among local businesses, particularly those in retail and manufacturing, according to the latest Dun & Bradstreet National Business Expectations Survey.
More than a third of businesses, up nearly 40 per cent on last month, expect the high exchange rate to have a negative impact on their operations in the June quarter. The survey also finds that while overall sales and profit expectations remain elevated, anticipated employment levels have declined from levels at the start of the year.
According to Dun & Bradstreet CEO, Gareth Jones, businesses continue to remain cautious in response to increasingly conservative consumers and the maintenance of a relatively high local currency.
To read the full story click on the link: DB Business Expectations Survey February 2012