BNZ Survey Results Attached
There has been a noticeable shift in sentiment recorded in our monthly survey of Weekly Overview readers. We can see the improvement most obviously in the net proportion of respondents expecting the economy to get better in the coming year improving to only a net 12% negative from 44% in July. This is the best reading since November last year and well away from the depths of despair revealed over March and April.
But we can also see the improvement in the industry-specific comments submitted by respondents. Most notably this is the case for residential real estate - though fundamentally the market remains