Resilient heading into global uncertainty - Quarterly Survey of Business Opinion, October 2011

04 October 2011

NZIER's Quarterly Survey of Business Opinion (QSBO) shows steady economic activity in the September 2011 quarter. Firms’ experienced trading activity is broadly unchanged (+2% from +3%) on a seasonally adjusted basis. This is consistent with annual economic growth of around 1.5%.

“The survey shows a resilient economy heading into the latest phase of global economic uncertainty. However, most of the survey responses were received before the RBNZ’s interest rate announcement, our credit downgrades and the rapid deterioration in global sentiment. We expect that firms may now be more nervous than these results indicate” said Shamubeel Eaqub, Principal Economist at NZIER.

The details are in NZIER’s October 2011 Quarterly Survey of Business Opinion – available exclusively to NZIER members.

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