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Confidence Survey Results Dec 12

Attached please find the results of our latest Confidence Survey. The Survey has revealed that late last week only a net 0.9% of respondents felt the economy will deteriorate over the coming year. This is the fourth month in a row of improvement, is a sharp gain from -73.3% a year ago, and the best result since our survey started in February 2005.

Interesting points which we have picked up from the industry comments include the following.

· Listings shortages in residential real estate with good activity levels and mild price pressure.

· High caution in the farming sector and those supplying equipment to farmers.

· Advertising looking weaker than usual.

· Architects very busy.

· Finance activity easing off gradually.

· As one would expect the high NZD is causing problems for exporters in general.

· Transport firm but as with many industries margins are tight.

See... Confidence Survey Results Dec 12 (PDF)

ENDS

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