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Strong results buoy business optimism

BUSINESS optimism is at a seven month high, according to the April D&B National Expectations Survey.

Looking ahead to the September quarter 2003, optimism was higher in manufacturing, wholesaling and retailing.

The survey showed expectations rose sharply across all indices including the job outlook, and selling prices were the only downer in the survey.

“This surge of optimism, on the back of better than expected March quarter results, provides a strong start to the first quarter of the new financial year,” D&B Australia and New Zealand CEO Christine Christian said.

The survey also found over 30 per cent of executives cut back on travel in April because of the SARS outbreak while 18 per cent said they cut back on travel because of the war in Iraq.

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