More businesses planning to hire

Written By Unknown on Senin, 31 Maret 2014 | 23.47

BUSINESSES are growing more confident about their growth in 2014, prompting more plans to hire new workers and borrow money.

Employment expectations are at their highest level since March 2011, according to Dun & Bradstreet's latest Business Expectations survey.

Twenty two per cent of businesses are planning to employ new staff in the June quarter, suggesting they are preparing for increased activity in the year ahead, the survey said.

Sixty six per cent of businesses expect stronger growth in 2014 than in the previous year, while 18 per cent indicated they will seek finance or credit to grow their operations in the next three months.

"After seeing a steady pick up in the outlook for sales, selling prices and profits from late last year, we're now seeing employment intentions improve," Dun & Bradstreet chief executive Gareth Jones said.

"Last year's soft conditions forced businesses to manage their costs closely and become more efficient in their operations.

"With confidence returning, interest rates remaining low and global conditions recovering, businesses now appear ready to focus on growth."

Dun & Bradstreet economic adviser Stephen Koukoulas said economic activity was continuing to improve.

"Expected sales have risen strongly since the middle of 2013 and are almost three times the 10 year average, suggesting that economic growth is poised to rise to an above trend pace when the official data for the first half of 2014 is released," Mr Koukoulas said.


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