The Australian business community has bleak expectations for the September quarter, Dun & Bradstreet’s Business Expectations Survey today revealed.
According to the survey – which measured the sentiment of senior executives across a range of Australian businesses – 40 per cent of firms registered a decrease in sales over the March quarter and the same percentage anticipated sales to fall in the September quarter.
Of the firms surveyed, 40 per cent also expected profits to fall in the coming quarter.
Christine Christian, Dun & Bradstreet chief executive officer, said the business community was braced for a rapid slowdown in activity in the coming months.
“Poor results in the March quarter combined with continued pressures from inflation, the credit market, high fuel prices and slowing consumer spending have led the steep decline in executive expectations for the September quarter,” she said.
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