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

 


Problems of growth highlighted by business survey

26 February 2014

Media Release

Problems of growth highlighted by business survey

A survey of almost 300 businesses last week in the Northland and Central North Island regions reveals some extraordinary results.

72% of survey respondents believe that the general business situation in New Zealand will continue to improve over the next six months, an increase from 62% last quarter. This response is also matched by 66% 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 64%.

“Businesses are gearing up for a greater investment of time, increased profitability and are looking ahead to improved export opportunities” says Tauranga Chamber of Commerce acting chief executive Anne Pankhurst.

“As with other growth regions in New Zealand finding the right people with the right skills just got harder. 25% of businesses reported difficulties in employing skills, reminding businesses that if people are an important part of growth they will need strategies for training and retaining employees.”

Businesses are also concerned that interest rates will affect their ability to finance increased activity as obtaining finance becomes the most limiting factor to growth for 25% of businesses in the region, up from 22% last quarter.

The survey also revealed: Intentions to employ UP
Hours to be worked UP
Expected Costs UP
Expected Profitability UP
Expected Sales UP
Expected Export Sales UP

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tubes: Tasman Global Access Cable Goes Live

Spark, Vodafone and Telstra have today announced the Tasman Global Access (TGA) cable is officially in service and ready to carry vast quantities of Internet traffic between New Zealand and the world. More>>

ALSO:

Theresa Does: Brexit Letter Sees NZD Touch Week-High Vs GBP On Brexit

The New Zealand dollar rose to a week-high against the British pound and euro after UK Prime Minister Theresa May officially triggered Britain's exit from the European Union. More>>

ALSO:

Statistics: Business Research And Development Up 29 Percent

Computer services and machinery manufacturing firms led the way in an almost 30 percent lift in business spending on research and development (R&D) in 2016, Stats NZ said today. Businesses spent $1.6 billion on R&D in 2016, up $356 million (29 percent) from 2014. More>>

ALSO:

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news