When Dun & Bradstreet conducted their latest Business Expectations Survey the most optimistic response came from the industry hardest hit since Rudd-Gillard have been steering the ship: manufacturing. 10 percent of businesses surveyed said they expect that in the final quarter of 2013 sales will increase and the need for more employees.
Other sectors haven’t shared their optimism. Only 2 percent of those in services and wholesale-retail expect an improvement.
The number of businesses right across the survey expecting the economy to improve dropped to 11 percent – it was 18 percent before – and the Dunn & Bradstreet sales index also crashed to 3.5 points, it was at 4.5 before.
64 percent of businesses surveyed said cash flow is a major problem. A lot of them are holding back, sitting on their investments, waiting for a clear direction to come out of Canberra before they consider spending or hiring.