Bullish outlook for exporters

News Story
- 26 Jun 2008 ( #366 ) - Australia
1 min read
The majority of Australian exporters have no plans to move their business offshore, according to the latest DHL Export Barometer.

Of the 2% of exporters planning to take their entire operations offshore, the majority are from the services and manufacturing services, with China the most likely offshore destination.

The report found that the strong performance of emerging economies will provide some relief for Australian exporters who were troubled by a record high exchange rate and the credit crisis in the United States.

It revealed that growth in exports to China and India will be higher than any other destination in the next 12 months.

The DHL Export Barometer recorded that 60% of Australian exporters expect to increase orders over the next 12 months. The SMEs are the most positive, with 64% expecting an increase in orders, compared with 56% of large businesses.

To keep up with demand, 46% plan to lift their staff numbers with wages likely to move upwards in 79% of organisations.
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