BNZ Monthly Survey Results - Nov 2008
Our monthly survey of Weekly Overview readers has revealed a deterioration in sentiment about the New Zealand economy. A net 40% of respondents to the survey sent out on Thursday night expect the economy will get worse over the coming year. The result for early October was a net 20% pessimistic and in September there was a rather surprisingly strong net 27% feeling optimistic for the coming year.
Economic conditions are deteriorating rapidly offshore and the New Zealand economy will feel some strong negative effects over 2009. Businesses appear highly aware of what is going to hit our shores and the coming year will be quite challenging for the new government.