Positive outlook - Quarterly Survey of Business Opinion, October 2013
08 October 2013
The NZIER Quarterly Survey of Business Opinion (QSBO) shows the economy has rebounded in the September 2013 quarter, following a pause in mid-2013.
“Businesses are optimistic, activity is rebounding and this is being gradually realised into more jobs and profits.” said Shamubeel Eaqub, Principal Economist at NZIER.
Businesses are optimistic (32% from 30%). Domestic trading activity, a very good indicator of GDP growth, rebounded to 11% from 5%, reversing a small drop in June. This is consistent with around 3% annual GDP growth.
You can read the full media release here.
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