Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Slow Start to 2008 Expected

10 December 2007

Media Release

Slow Start to 2008 Expected

The Auckland Chamber of Commerce survey of business confidence reveals a bleak beginning to 2008 if the views of almost 1000 companies surveyed are to be believed.

While overall confidence remained at similar levels to the last two quarters, Chamber Chief Executive Michael Barnett said the concerning issues have to be that –

- Cost expectations are up

- Selling prices expected to be down

- Profitability expected to be down

- 45% of businesses finding it difficult to find skilled staff.

- 20% of businesses finding it difficult to find unskilled staff (highest level in a year)

Firms surveyed also expressed concerns that the run of finance company collapses had impacted on access to finance, and that the present interest rate levels were making the cost of finance restrictive to companies looking to grow.

Of those surveyed, over 50% still expected interest rates to rise.


See... Business Confidence Survey Dec 2007 Sec B

© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>