UPDATE: A merry Christmas to drive growth

October 2010: Strong Christmas trading is expected to drive economic growth, as executive’s fears about interest rates ease slightly

The latest Dun & Bradstreet Business Expectations survey reveals improvement in all 6 key indicators of business strength.

That includes a small lift in employment expectations which weighted on the index last month.

Capital investment and inventories indicies hit their highest levels in 7 years.

The result comes as the Reserve Bank delivered an early Christmas present to homeowners, leaving interest rates unchanged at 4.5 per cent this month.

The official cash rate has held steady since May.

The October Dun & Bradstreet survey of thousands of business owners and executives revealed wages growth has nudged ahead of interest rates as the primary influence on business operations in the coming quarter.

For more: Dun & Bradstreet >>