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

 

Small firms’ growth expectations remain high

19 October 2017

Small firms’ growth expectations remain high

Business confidence amongst small firms eased in September but remains respectable, according to ANZ’s quarterly Business Micro Scope survey.

A net 14% of small businesses – down from 17% in the June quarter – say they are confident about general business conditions for the year ahead. Within this group, micro firms (0-5 employees) slipped by 4 points and intermediate-sized businesses dropped by 2 points.

The ANZ composite measure – a key proxy for growth based on firms’ own activity outlook, hiring, investment and profit expectations – eased slightly to +20, but that’s still elevated. The composite measure for the agricultural sector lifted to historic highs.

Agriculture based small businesses are more upbeat, consistent with firmer commodity prices. Business activity expectations for agriculture-focused small firms topped the other sectors for the first time in over six years at a net 42%, while their profit expectations surged to a four-year high of +28%.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: