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


Deutsche Bank: NBNZ Business Outlook Survey - Oct

Deutsche Bank
Economic Note (New Zealand)

NZ: NBNZ Business Outlook Survey - October 1999

Key Points

The NBNZ business confidence index remained unchanged in October, with a net +17% of respondents expecting conditions to improve over the next twelve months.

Consistent with the consolidation in the business sentiment, respondents' expectations for exports and their own business activity remained stable at relatively high levels. Moreover, investment intentions, profitability expectations and capacity utilisation were broadly unchanged from last month's outturns.

On the inflation front, pricing intentions moved up sharply to the highest level in four and a half years, with a net 21% of respondents intending to raise prices, while annual inflation expectations edged up to 2.2%.


With most confidence and activity indicators in the NBNZ survey remaining broadly unchanged from last month's levels, this provides further support to the contention that the decline in June quarter GDP was an aberration. The major news in this month's release has been the sharp rise in pricing pressures. In particular, evidence from both the NBNZ and QSBO business surveys now clearly indicates that expectations are rapidly responding to actual inflation developments (i.e. rises in petrol, electricity and car prices and local authority rates). This will be of some concern for the RBNZ, and reinforces our expectation that the Bank will raise the OCR by 50bp at the 17 November MPS.


This, along with an extensive range of other publications, is available on our web site

In order to read our research you will require the Adobe Acrobat Reader which can be obtained from their website for free.

For answers to your EMU questions, check Deutsche Bank's EMU web site or email our helpline

© Scoop Media

Business Headlines | Sci-Tech Headlines


Retail: International Websites To Pay GST

New rules would be aimed at imported goods valued at or below $1,000. Customs would retain responsibility for collecting GST on imported parcels valued more than $1,000. More>>


High-Level Advice: PM’s Business Advisory Council Membership Announced

The Prime Minister’s Business Advisory Council brings together a mix of experts, six women and seven men with small to large business experience, from across New Zealand, to provide advice. More>>


Improving: Report Shows New Zealand Air Quality 'Good'

Our air 2018, produced by the Ministry for the Environment and Stats NZ, shows that while some previously known issues persist, progress has been made and levels of some pollutants are declining. More>>


Greenpeace: Govt Extends OMV Exploration Permit

The Government has just granted oil giant OMV a two-year extension to drill in the Great South Basin, despite issuing a ban on new oil and gas exploration permits in April. More>>


Collective Bargaining For Contractors: Working Group's Model For Screen Sector

A recommended model to allow collective bargaining for contractors in the screen sector has today been unveiled by the Government-convened Film Industry Working Group. More>>


Kauri Dieback: DOC Closing Tracks To Protect Trees

The Department of Conservation will close 21 tracks across kauri land to help prevent the spread of kauri dieback. An additional 10 tracks will also be partially closed and the open sections upgraded... More>>