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


Business Confidence shows slow recovery

Business Confidence shows slow recovery

A Chamber survey of businesses in the Auckland Region reveals that business confidence is slowly improving following its dramatic fall last quarter.

When questioned on their view whether the general business situation in New Zealand would improve or deteriorate over the next six months, businesses showed a small improvement from last November’s net -15% result to now be net -9%.

Chamber Chief Executive Michael Barnett said it may be a sign of business coming to grips with the new Government and the sentiment it’s providing.

“Nevertheless, Labour still has plenty of work to do to restore confidence with large sections of the business community, with almost 30% of those surveyed still believing things will deteriorate over the next six months.”

The survey also revealed that employers were continuing to have difficulty finding the right people with the right skills.

“Nearly half of all businesses surveyed said it was now harder to find skilled or specialist staff than before the election. This should be of concern to the Minister of Immigration.”

Businesses also highlighted infrastructure and immigration as two of the most important factors affecting future business success in Auckland.

© Scoop Media

Business Headlines | Sci-Tech Headlines


NZ's Space Programme: Rocket Lab Launches NASA Satellites

On Sunday, December 16, 2018 UTC, Rocket Lab’s Electron launch vehicle successfully lifted off from Rocket Lab Launch Complex 1 on New Zealand’s Māhia Peninsula. More>>


Conservation Plan: Celebrity Kiwi Released Into The Wild

One of the nation's most famous kiwi was among four released onto Taranaki Maunga... Atara, a five-year-old male, hatched while David Attenborough's cameras were rolling. More>>


Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>


Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>