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AUSTRALIAN EXECUTIVE DEMAND RISES DESPITE HIGHER INTEREST RATES.
SYDNEY, Sept 1 Asia Pulse - A strong rise in demand for executive employment in August suggests Australian businesses have shrugged off last month's interest rate hike, underlining considerable strength in the market, an index shows.
Overall executive demand rose for a third straight month in August, climbing five per cent from July, according to the E.L executive demand index.
The index, which analyses employment trends at an executive level, is published by executive search firm E.L Consult.
E.L Consult managing director Grant Montgomery said the results showed that executive demand not only rose in all states during the month, but generally increased in all market sectors as well.
"We are seeing increases in executive demand across the board, in all states and in all market sectors," he said.
"I have not seen such a purple patch in the market for a number of years.
"Finance, marketing, information technology, ...
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