Australian executives are bracing for tough business conditions moving into the new year, according to Dun & Bradstreet’s latest Business Expectations Survey.
Interest rates remained the highest concern for executives in spite of the recent easing in monetary policy.
48 per cent indicated that rates would be their primary concern in the coming quarter, an increase of six per cent since the last survey.
The survey, released today, also showed that 48 per cent of firms anticipated declining sales in the first quarter of 2009 while 51 per cent had the same expectations for profits.
Despite an improvement of three per cent, 18 per cent of executives also expected to have fewer staff in the quarter ahead than they did a year ago.
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