M4D Business Conditions Survey
M4D recently released the results of our annual Business Conditions Survey, a survey that benchmarks real business conditions and analyses predicted outcomes for firms in the design and architecture industry.
The good news is current conditions are very favourable for Australian businesses in the Architecture, Engineering and Built Environment Sector, according to our recent Business Conditions Survey, in association with Consult Australia.
■ Increases in revenue and profitability drive business conditions higher
■ Leading indicators, including forward revenue projections, point to minimal softening in the year ahead
■ Employment continues to be solid but is constrained by the ability to find and keep talented and experienced people
What are the major issues facing Australian businesses in 2018?
Key points from the recent Management For Design Business Conditions Survey:
■ Almost 90% of respondents expect their business to continue to grow over next 12 months
■ 30% of respondents are very optimistic that business performance will improve over the next 3 years
■ Nearly 20% of businesses are expecting exceptional growth of more than 20% in the next year
■ Refining business operations and improving leadership capability will be the key drivers of improving business performance