NZIER's QSBO shows businesses gloomy as costs rise and profitability gets squeezed, Quarterly Survey of Business Opinion - April 2018
10 April 2018
The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows businesses continue to expect a deterioration in economic conditions over the coming months. Business confidence had fallen sharply in the December 2017 quarter in the wake of the new Labour-led Government taking office, and this pessimism has carried over into the first quarter of 2018.
This continued pessimism about the economy remains in contrast to firms’ expectations about demand in their own business, which continues to hold up. A net 15 percent of businesses nationwide reported a lift in demand in their own business in the March 2018 quarter.
The full results are available only to NZIER members.
Read the media release here.Go Back