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Business Confidence Hits a Record High
Business Confidence Hits a Record High
The 763 respondents to our latest BNZ Confidence Survey express record confidence about the state of the NZ economy in a year's time.
Welcome to
the late-July BNZ Confidence Survey results
A
full pdf copy of the survey is attached and loaded here.
New
subscribers can be added to the emailing list here.
Our
monthly survey elicited 763 responses last week and a record
net 59% of respondees expect that the NZ economy will be in
better shape in a year’s time than it is now. This result
is consistent with other less up to date measures showing
very positive business sentiment. Some key themes include
worsening shortages of labour and a still deepening shortage
of residential real estate listings.
Do you
personally feel happy or unhappy that house prices are
rising?
While policy-makers and buyers fret
about house prices rising the bulk of people on average
appear increasingly happy with the situation. A net 17% of
the 763 respondents in our survey say that they are happy
that house prices are rising.
Are you relaxed or
concerned about New Zealand's rising economic relationship
with China?
It is quite interesting to see that
for three surveys in a row now the net percent of people
feeling relaxed about our growing economic relationship with
China has sat at 44%.
Are you thinking about
borrowing more money for your business in the next three
months?
While growth in the economy appears to
be picking up and the Reserve Bank are laying the groundwork
for a tightening of monetary policy, our survey shows that
credit demand as such is not shooting upward. The gross
proportion of our 763 respondents who say that they are
thinking about borrowing more money for their business in
the next three months has fallen to 21% from 27% in June and
28% in May.
The BNZ Confidence Survey is one of
a suite of six publications.
The
quarterly Growing With China issues are here.
The
quarterly Brain Gain NZ can be located here.
The
Weekly Overviews are loaded here.
The
monthly BNZ-REINZ Residential Market Surveys are posted
here.
The
monthly BNZ Confidence Surveys are available here.
The
monthly BNZ-Nine Rewards Consumer Trends Survey is
here.
All the best
Tony Alexander
Chief
Economist
www.tonyalexander.co.nz
Full
Results:
http://img.scoop.co.nz/media/pdfs/1308/BNZ_Survey_Results_August_5_2013.pdf
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