NZIER’s QSBO shows knock to confidence despite demand holding up - Quarterly Survey of Business Opinion, October 2021
05 October 2021
The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows a weakening in business confidence in the September quarter, despite demand in firms’ own business holding up.
A net 8 percent of businesses expect a deterioration in general economic conditions over the coming months – a turnaround from the net 9 percent expecting an improvement in the previous quarter. This weakening in sentiment was despite demand remaining solid, with a net 29 percent of businesses reporting an increase in their own trading activity in the September quarter.Go Back