D&B business survey fades

David Llewellyn-Smith

Tuesday 5 May 2015

The Dun and Bradstreet business expectations survey is out and faded on the month across all measures.

Sales:

Profits:

Capex:

Employment:

And selling prices:

I am of the view that this survey is pretty useless given it illustrates a consistent pattern of actual conditions predicting expectations, not the reverse.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.