Current business conditions

What does 2013 look like for businesses? Growth, Contraction, Status Quo? Interestingly a majority of businesses expect to continue to grow revenue over the next one to two years but there is general consensus that we are in a stagnant economy. Is this misplaced optimism?

Key points from the recent Management for Design Business Conditions Survey include:

- There is cautious optimism that business conditions will improve (and not deteriorate!)

- Approximately 40% of respondents state that they will face difficult conditions

- The most pressing issues facing business are access to capital, the state of the economy and productivity – achieving more with less

- A majority of businesses expect to increase their investment in people and infrastructure

- Dissatisfaction with Local, State and Federal Government!

- Profit margins will remain steady

How are businesses expecting to maintain profit margins, in a stagnant economy whilst at the same time increase their investment in people and infrastructure?

To receive a snapshot report of the 2012 survey or if you would like to participate in future surveys please contact Robert Peake, Director, Management For Design info@m4d.com.au