Business earnings are expected to return to pre-GFC highs during the final three months of this year..
Business earnings are expected to return to pre-GFC highs during the final three months of this year... Dun and Bradstreet report a significant rise in business confidence in their latest Business Expectations Survey (chart attached). The profits expectations index has lifted to 29.1 points, up from 19.9 in the last quarter and approaching ts 10-year high of 29.7 points. Retailers appear to be banking on a strong Christmas period which would reflect the recent rebound in confidence following the May budget. It also reflects upbeat commentary from the likes of Harvey Norman who are riding the coat tails of the booming property market. With the level of dividends flowing into consumer pockets at the highest levels in recent history (chart attached) there are a number of tailwinds for the domestic consumer. Full report from Dun and Bradstreet on the following link: (VIEW LINK)
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