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Australian businesses among the world's most confident
18/10/2012 - Australian businesses remain more confident than their counterparts in the US, UK or China despite speculation that the mining boom may have ended.
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The Regus Business Confidence Index, released on Wednesday, shows confidence among Australian businesses has increased slightly over the past six months, despite a fall in global confidence.
Australian business confidence was at 116 points on the index in October, up two points since April.
This is despite global business confidence falling to 111 points, from 113 points in April.
There has also been a sharp fall in commodity prices since July, which has stoked fears Australia's boom times might be over.
The index started in 2009 with a benchmark of 100 points, so the latest survey indicates global business confidence is 13 points higher than it was three years ago.
The survey of 24,000 senior managers and business leaders from across the globe showed Australian businesses were more confident than their counterparts in the US (107 index points) and the UK (94 points).
Meanwhile, business confidence in China has plummeted to 110 points, from 130 points in April.
Regus Australia manager Jacqueline Lehmann said the index showed Australia remained one of the most stable and positive markets for business sentiment globally.
However,, she said the fall in confidence in China, Australia's biggest trading partner, was concerning for local businesses.
"This could have implications for the demand of Australian exports as the Chinese economy softens towards the end of 2012," Lehmann said in a statement.
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Alf | 18/10/2012 11:11 1
I totally agree, why would I not be confident, all my competition is or has gone broke, construction has near stopped and we all need to cut costs, wages are our biggest concern so we lay off good people and put them on the dole this then costs us again as they are using our taxes as is the Government as a non productive expense, The country is going down hill fast with this Government and now I am feel more confident, I DON`T THINK SO.
VG | 18/10/2012 21:08 2
Good to see there are some thinking Australians left.....but unfortunately none are in government...
Ken | 19/10/2012 06:58 3
Well it could be worst if Abott gets in as has his Liberal State Counter Parts SLASH SLASH SLASH no money spent on Infrastructure that's how the Howard Government kept us in th black you IDIOTS. My Company has more work now than ever did under Howard and keeps 6 employed buy the way i pay my staff well. Why don't you take a Pay Cut IDIOT.
Alf | 19/10/2012 09:16 4
My friend it appears we have a Labor supporter in our midst, or is he in the whore house buisness, Next to the current Government they are the only ones taking home a large pay packet. As for myself my friend I take the same pay home as my staff nothing more, and by the way my executives had a vote last year and reduced their own pay and stopped bonuses, and I had nothing to do with it, They not like some want to achieve a future for themselves and the company so no Unions welcome.
Ken | 19/10/2012 10:34 5
Well you guys are far from right we are in manuafacturing for mining and water supply and sewerage a Niche Market we pay ourselfs the same as our top employees and risk our assests everyday do you. I am just stating the TRUTH it Hurts ardent Liberal Supporters such as yourselfs but get educated we have the best economy in the world even ex Prime Minister Mr Howard stated that at a Business Lucheon less than a month or 2 Ago. The Slashing in Jobs is happening in all states that have gone Liberal That's plain to see. I am NOT a Labour supporter i just do not believe evrything that Rupert Murdoch's owned media tell you guys. end of converstaion stop reading Papers and do some none biased research.
dave d | 19/10/2012 12:04 6
Well Ken I guess you would know intimately all about this current Government being in the Sewerage business!! Pity you do not look at the overall performance of this Government (Taxes ,refugees,land sell off, fair distribution of GST etc. etc. and only look at how well you are doing. Rise out of the sewer!! - end of conversation !!
Ken | 19/10/2012 12:34 7
Fortunately we are in the Electrical Enginnering Bussiness. Next time i design a Water Filtration Plant that you all drink i will ensure it mixes with re-claimed effluent so you can drink it as it would be no worse than whats in your brains or comes out of your mouths. Ken B.Eng Electrical Honours
dave d | 19/10/2012 13:25 8
Ken ,Can see you are obviously well mannered & educated Man xxxxx
VG | 19/10/2012 19:26 9
Ken, I am still hard at it, well after retiring age. I am here because I choose to, still have all my skills, ethics and abilities. I have seen it all through many governments. From your comments I suspect you just need a bit more time on the planet, realise the results of such squander of public funds, your funds, from your hard earned dollar. Just pay attention, businesses are going broke everywhere, every day another one goes. This madness with public funds will only last while the stuff in the ground lasts. That is all that props this country up at these times, and gives the good figures Swan keeps taking credit for. While the funds are available from mining, they need to be put back into the country’s economy, not sending overseas chasing votes and fairyland dreams of greatness, but like any good businessman puts his profits back into his company. I don’t think you’ve got it yet, when you have been around a bit longer, maybe you will see, eventually.
Mark Chapel | 22/10/2012 08:48 10
Ah, nice to see you there Ken, I was beginning to think that Labor rust-on's had gone the way of the dodo. But there you are, master of the spin as all the party faithful are. Interesting to see though that one of the little side observations is that Australia ranks 47th in the world for connection of electricity. Given the profits in that industry it is a surprise. But that's OK, we will wait for the power to come on in confidence!
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