Business confidence soars

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The outlook for businesses in Australia is at its highest level in 5 years with business owners and senior executives confident of a strong June quarter. According to the Dun & Bradstreet survey, sales expectations were the highest they have been in 6 years, while profit expectations were the highest they have been in 5 years.

Australian businesses have been buoyed by a sustained economic recovery and the fact that Australia avoided a technical recession. Any fears that the economy might suffer a second shock have all but disappeared.
However, a spokesperson for Dun & Bradsheet warned that inflation pressures are building, which could negatively impact any hopes for growth.

In light of the positive outlook, if you need a commercial loan, business loan or invoice financing to expand and grow your business, speak to the mortgage brokers at Intellichoice on +61 7 3624 1900.