Businesses chipper as concerns about softening demand prove unwarranted - Quarterly Survey of Business Opinion, July 2016

05 July 2016

The latest NZIER Quarterly Survey of Business Opinion shows a rebound in business confidence in the June quarter. Demand held up over the quarter, against expectations earlier this year of a softening in demand.

A net 22 percent of businesses saw increased demand over the past quarter, with a net 19 percent expecting an improvement over the next quarter.  

The improvement in sentiment was widespread across the sectors and regions. Nonetheless, there remains a divergence in business confidence between the urban and rural regions, reflecting the differing fortunes of the tourism and dairy industries. Although business confidence in dairy-intensive regions including Taranaki and Southland improved, pessimists still outnumbered optimists.

Full results are available exclusively to NZIER members. The media release can be read here.

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