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Survey shows growth momentum continues

Thursday, 30 September 2004, 10:24 am
Press Release: New Zealand Government

30 September 2004

“This month’s National Bank Business Outlook shows our economy is continuing its growth momentum, “ Acting Finance Minister Trevor Mallard said today.

The survey’s activity measure – which asks about a business’ own outlook - found 40 percent expected their own business activity to improve over the coming year.

The survey states this measure has been a very reliable indicator of the state of the business cycle.

Trevor Mallard welcomed the findings of this latest survey. “It is a clear indication that the growth we are experiencing now will continue well into next year.”

ENDS

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