Business confidence is at its highest level since the beginning of 2015, according to illion’s latest Business Expectations Survey, with companies set to boost employee numbers in the first quarter of 2018 on the back of bumper expectations for profits. The bullish outlook was supported by an 81.9 percent annual rise in the Business Actuals index, which hasn’t reached its current level of 16.6 points since June 2004.
“It is great see business close out the year on a confident note. This bodes well for the beginning of 2018, which judging by the latest Business Expectations results is set to be an active year for business growth. The outlook for profits is the strongest it has been for some time across a diverse range of sectors, suggesting the underlying foundation of Australia’s corporate landscape remains solid.”
Simon Bligh, illion CEO