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

 

Auckland Business Confidence Plummets

A survey of predominantly small and medium businesses in Auckland shows business confidence has plummeted a further 25% in the last quarter.

60% of respondents who were asked what they believed the business situation in New Zealand would be in the next 6 months said they believed it would deteriorate.

Just 9% believed it would improve.

Auckland Chamber Chief Executive, Michael Barnett, said it reflects uncertainty in the New Zealand market due to Governments slow decision making on major projects, increasing concern on Global markets and the USA-China trade dispute.

“To be fair it’s also the end of the fruit export season, the low season for tourism, it’s winter and traditionally confidence is low at this part of the business cycle” he said.

Of those surveyed:
• 44% are recruiting
• 81% were looking for skilled workers but
• 49% of those are having difficulty getting the right people with the right skills

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Pickers: Letter To Immigration Minister From Early Harvesting Growers

A group of horticultural growers are frustrated by many months of inaction by the Minister who has failed to announce additional immigrant workers from overseas will be allowed into New Zealand to assist with harvesting early stage crops such as asparagus and strawberries. More>>

ALSO:

Non-Giant Fossil Disoveries: Scientists Discover One Of World’s Oldest Bird Species

At 62 million-years-old, the newly-discovered Protodontopteryx ruthae, is one of the oldest named bird species in the world. It lived in New Zealand soon after the dinosaurs died out. More>>