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.

Full analysis is available to NZIER members only.

Go Back