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

 

Extraordinary Growth Signalled in Business Survey

19th February, 2014

Media Release: For Immediate release


Extraordinary Growth Signalled in Business Survey

A survey of more than 800 business’ over the last 48 hours in Auckland reveals some extraordinary results.

71% of survey respondents believe that the general business situation in New Zealand will continue to improve over the next six months, an increase from 61% last quarter. This response is also matched by 68% of respondents believing that their own personal business situation will see a direct improvement in the coming six months, another rise in confidence from the last survey in Nov 2013 which reported 63%.

“Businesses are gearing up for a greater investment of time, increased profitability and are looking ahead to improved export opportunities” Michael says “But it seems we still have a long way to go to resolve the problems around skilled staffing shortages”.

The survey also revealed:

Intentions to employUP
Hours to be workedUP
CostsUP
Selling PricesUP
ProfitabilityUP
SalesUP
ExportsUP

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>

OECD: NZ Economic Expansion Faces Long Term Challenges

The OECD Economic Survey of New Zealand discusses the gap between the strong short-term outlook and long-term challenges posed by low productivity growth and a changing labour market. More>>

ALSO:

GDP: