Australian businesses don’t plan to hire new staff in the coming months, and are putting off investments, as the cost of doing business takes its toll. On the back of recent high-profile job cuts and off-shoring announcements by a number of Australian companies, Dun & Bradstreet’s latest National Business Expectations Survey shows a gloomy outlook for jobs growth this year. The survey’s index has continued a downward trend through to the June 2013 quarter, falling below its 10-year average level, to a score of zero. D&B’s research also shows that no jobs have been added since the March quarter of 2012, with the actual employment index remaining in negative territory for three consecutive quarters, dropping to negative seven in December last year – its lowest point in nearly three years.
To read more click on this link: DB Business Expectations Survey – June quarter 2013 – interim
For further information contact:
Josh Maher | Manager, Communications & Corporate Affairs
Dun & Bradstreet Australia | Level 6, 479 St Kilda Road, Melbourne VIC 3004
t +61 3 9828 3644 | m +61 434 001 149 | e [email protected] | w www.dnb.com.au