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Business optimistic about 2014 profit, employment prospects, Business Expectations Survey finds
Updated Tue 7 Jan 2014, 11:11am AEDT

ustralian businesses see 2014 as a good year for growth, with expectations for sales, profits, investment and employment increasing to their highest level in 12 months.
Dun and Bradstreet's latest Business Expectations Survey shows capital investment and employment intentions have rebounded from negative territory in the previous quarter to sit above their 10-year average levels.
Dun and Bradstreet's economics adviser, Stephen Koukoulas, says expectations for employment are particularly encouraging and should allay some people's concerns about job security.
"While we're still not quite at the very strong levels for employment and hiring intentions just yet, it's clearly lifted over the last 9-12 months or so," he said.
"And it's suggesting to us anyway that employment will start to lift to a more sustainable pace in the first half of 2014."
The survey also shows a quarter of firms intend to increase the cost of their products and services during the first three months of this year, a move that may prompt the Reserve Bank to raise interest rates.
"It would require a global negative shock to cut rates again in our view," Mr Koukoulas said.
"But more likely if the economy is stronger, if we do get a pick-up in selling prices showing up in higher inflation in the next quarter or two, then I think not only do we not have interest rate