Continued but patchy recovery - Quarterly Survey of Business Opinion, July 2013
09 July 2013
The NZIER Quarterly Survey of Business Opinion (QSBO) paints a solid economic picture in the June 2013 quarter.
“Businesses are hiring and investing more, a sign of continued momentum in the economic recovery. The recovery is still at an early stage, with few generalised shortages of labour or capacity. Price pressures remain low.” said Jean-Pierre de Raad, Chief Executive at NZIER.
Businesses are optimistic (steady at 31%). Domestic trading activity, a very good indicator of GDP growth, eased from 10% to 4%. This is consistent with over 2% annual GDP growth.
You can read the full media release here.
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