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

 

Clouds over business confidence start to lift


Media Release August 3rd , 2000

Clouds over business confidence start to lift

The northern Employers & Manufacturers Association's monthly survey of business conditions shows the clouds over investor confidence could be starting to clear with stronger export sales reported, and rising domestic turnover.

"The stand out features from our latest business conditions survey are the signs that investors are recovering their confidence, and the Employment Relations law presenting a major and growing worry," said Bruce Goldsworthy, the director of EMA's Manufacturing Division.

"Export turnover was 20 per cent higher than the same month a year ago, but more importantly just now, survey respondents are indicating they are more prepared to invest in equipment and training than they were last month.

"Matching these key indicators is the significant lift in the percentage of respondents expecting profits and business confidence to improve. 71 per cent now think both these indicators will stay the same or improve, up eight points since last month though well short of the 85 per cent plus figures earlier in the year.

"The sense of anxiety over industrial relations has been growing steadily all year to reach a new high. Without the sharp drop in investor confidence earlier in the year, an entirely different track for the economy would have been established anyway.

"Concerns over the exchange rate have tapered off though they remain as high as ever over interest rates."

Further comments: Bruce Goldsworthy tel 09 367 0948 (bus) 09 522 2723 (hme )


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Financial Markets Authority: Online Investing Platforms Transform Attitudes To Investing

Eight out of 10 New Zealand investors have a more favourable view of investing and financial markets after using online investing platforms, according to research released today by the Financial Markets Authority - Te Mana Tātai Hokohoko... More>>



Barfoot and Thompson: Auckland Housing Prices Shrug Off Winter Concerns

Auckland house prices shrugged off the normal winter downturn, concerns about increasing prices and warnings of possible future interest rate rises in July.
“Mounting concerns about the prices being paid and possible future interest rate increases did nothing to dampen July trading... More>>



Stats NZ: Sharp Falls In Unemployment And Underutilisation

The seasonally adjusted unemployment and underutilisation rates fell to 4.0 and 10.5 percent, respectively, in the June 2021 quarter, Stats NZ said today. The unemployment rate continued to fall from its recent peak of 5.3 percent in the September 2020 quarter... More>>


ASB: Labour Shortage Sting Set To Cause Issues For Years According To Latest Quarterly Economic Forecast

There are positives and negatives in the latest ASB Quarterly Economic Forecast as New Zealand continues to bounce back strongly from COVID-19. The closed border is putting additional strain on the country’s labour market... More>>

Transport: July 2021 New Vehicle Registrations Boosted By EV Rebate Scheme
Motor Industry Association Chief Executive David Crawford says that July 2021 sales of new vehicles were boosted by the recently introduced rebate scheme. July 2021 registrations were 15,053 units compared to 12,263 units for July 2020... More>>



ASB: New Support Finder Tool Helps Connect Customers With Thousands In Government Support

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they’re eligible for government support... More>>