Stronger growth likely - Quarterly Survey of Business Opinion, January 2014
14 January 2014
Economic activity accelerated in the second half of 2013, according to the NZIER’s December 2013 quarter Quarterly Survey of Business Opinion (QSBO).
“Businesses are the most optimistic they’ve been for 20 years and economic activity is strong. Optimism and activity are being realised into better profits, higher investment and more jobs,” said Shamubeel Eaqub, Principal Economist at NZIER.
In December 2013, businesses were the most optimistic since June 1994 (52% from 33% in September). Domestic trading activity strengthened to the highest level since March 2005 (net 15% of firms reported increasing activity, up from 12% in September). Reported hiring rose to the highest level since December 2006, and firms expect to hire more staff at the start of 2014. This suggests an improved outlook for jobs and wages.
You can read the full media release here.
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