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Executive demand falls in July: index

Executive demand falls in July: index

Executive demand fell in July although it remained underpinned by Australia's strong economic conditions.

The E.L Executive Demand Index, produced by executive search firm E.L Consult, declined by three per cent in July but was 25 per cent higher than the same period last year.

In the three months to the end of July, demand for executives climbed by 100 per cent, the largest increase recorded in the index trend figure since March 1996.

"Even a pessimist would concede the economy is in a sweet spot," E.L Consult managing director Grant Montgomery said.

"Sharemarkets are at record highs, consumer spending is outstripping expectations and the level of inflation is relatively low."

Historically low interest rates were encouraging consumers and business to invest and spend, which was providing an ongoing stimulus to the economy.

"This is providing a serious demand for new human resources talent at the executive level," Mr Montgomery said.

Among the states and territories, the ACT recorded the strongest result in July, followed by Western Australia and South Australia.

The rest recorded slight negative results.

©AAP 2005
Executive demand falls in July: index: "Executive demand falls in July: index"

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