A Chamber survey of businesses in
the Auckland Region reveals that business confidence has
fallen dramatically.
When questioned on their view
of the NZ economy in the next six months, only 18% believed
it would improve and 33% believed it would deteriorate.
(This compares with 30% and 12% respectively in the last
quarterly survey.)
Chamber Chief Executive Michael
Barnett said he believed a significant part of the reason
was the election and uncertainty created by a change in
Government.
“Business operates best in an
environment of certainty – when business is confident it
employs and invests,” he said.
“The uncertainty
around immigration and investment intentions in
infrastructure adds to this, but it should be short-lived
once the new Government clarified its priorities,” he
added.
The survey also revealed that employers were
continuing to have difficulty finding the right people with
the right skills, with 44% of respondents indicating
difficulty recruiting the right talent to grow their
business.
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