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


BNZ Monthly Survey Results July 5 2008

BNZ Monthly Survey Results July 5 2008

After improving for three months in a row business confidence about where the economy will be in 12 months time has gone backwards over the past month. In our survey from Thursday night through Friday a net 43.9% of respondents said they expect the economy to get worse. This is a deterioration from a net 29.8% pessimistic in late May but is still below the recent peak for pessimism in March of a net 62.3%.

The results will reflect the further increasing of petrol prices in recent times along with weaker sales activity reported by many respondents. Businesses are increasingly noting layoffs need to be made and few expect positive surprises in the near future.

Having said that, before we run through the generally negative comments for specific industries it can be noted that some industries are doing well – though there are but a few. They include dairying and dairy support such as construction and animal health and genetics, oil and gas exploration and development, property management as owners seek to rent out property they don’t wish to discount for a sale, insolvency practitioners, education providers and trainers, and legal firms excluding conveyancing activities.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>