Business confidence drops, but firms’ own activity remains healthy - Quarterly Survey of Business Opinion, October 2015
06 October 2015
The latest NZIER Quarterly Survey of Business Opinion shows business confidence falling to its lowest level since March 2011. A net 9 percent of businesses now expect deterioration in the New Zealand economy over the coming months.
This drop in confidence is in stark contrast to firms’ own trading activity. A net 12 percent of businesses reported an improvement in their own trading activity over the past quarter. Even more positive was the rebound in businesses’ expected trading activity over the next quarter, with a net 17 percent of businesses expecting an improvement.
The full media release can be read here.Go Back