Australian Risk Climate: Fear Grows Over Aussie Dollar

Posted by Joachim Bartels | Mar 5, 2012 | Australia, Dun & Bradstreet, Dun & Bradstreet Australia, Member, Member News, Uncategorized | 0 |

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

About The Author

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.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.