Business expectations improve

A recent Dun and Bradstreet (D&B) Business Expectations survey has found more businesses are planning to hire staff and are anticipating a rise in sales and profits in the lead up to the December 2009 quarter.

According to the survey, 14 percent of businesses are expecting to increase employee numbers while 10 percent are predicting a decrease for the next quarter.

The improved expectations come in light of the June quarter 2009 results which found 11 percent of companies increased their staff, while eight percent decreased numbers.

The survey also found sale and profit expectations have soared with 46 percent of businesses expecting an increase in sales and 30 percent predicting a rise in profits. Results from the June quarter again reflected this optimism with 27 percent experiencing an increase in profit and 21 percent increasing profit.

D&B CEO Christine Christian, said expectations have improved with all indices back in positive territory for the first time since June 2008. She also added the improved employment expectations should play a role in helping to reduce unemployment.

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