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

 

Continued business confidence for many Auckland businesses

15 August 2013

Continued business confidence and more of the same for many Auckland businesses

An Auckland Chamber of Commerce Survey undertaken this week by just under 800 businesses shows that confidence is still steady, with an increasing number of businesses predicting that things will stay the same compared to last quarter.

Auckland Chamber of Commerce chief executive Michael Barnett reports that results do not suggest any dramatic change in confidence this quarter.

“The results this quarter are what I would expect and reflect results of other New Zealand business monitors – which suggest confidence is still up and rising, albeit slower than earlier in the year. Respondents are still concerned about the value of the New Zealand dollar, their ability to recruit staff – and to pay their wages,” he said.

Latest survey results indicate that net of 46% of business owners believe that the general business situation in New Zealand will improve over the next six months down 4% from last quarter but up 20% from August last year.

Similarly net of 54% of business owners believe their own business situation will improve, down slightly from last quarter at net 56% but still up from a year ago at 39%. The number of respondents believing both New Zealand’s situation and their own business situation will stay the same increased 4% on last quarter - a similar result to the first quarter this year.

“Despite the continued business and consumer confidence, businesses are still waiting for the confidence to be translated into bottom line profit.”

For more information on the Auckland Chamber of Commerce August Business Confidence Survey please visit www.aucklandchamber.co.nz

Auckland Business Confidence

Feb May Aug
Improve47%56%52%
Same43%39%43%
Deteriorate10%6%6%

Personal Business Outlook

Feb 13May 13Aug
Improve57%63%60%
Same35%30%34%
Deteriorate8%7%6%

Skilled Employment

Feb 13May 13Aug
Easier10%8%8%
Same43%45%44%
Harder25%24%29%
N/A22%22%19%

Number of Full Time Employees changes in next three months

May 13Aug 13
Up20%19%
Same68%70%
Down6%5%
N/A6%5%

Total hours worked in next three months

May 13Aug 13
Up38%41%
Same54%51%
Down7%7%
N/A1%1%

Expected profitability for next three months

May 13Aug 13
Up36%38%
Same46%45%
Down17%16%
N/A2%1%

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Auckland Airport: North American Touch Downs Make AA Most Connected In Australasia
The return of American Airlines, the world’s largest airline, announced today has cemented Auckland Airport’s title as the Australasian airport with the most non-stop connections to the United States and Canada... More>>



Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>



Kiwibank: Savers To Benefit From Higher Returns Following OCR Rise

Following market movements Kiwibank is pleased to increase the interest rate and rates of return on its savings accounts... More>>

Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>


Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>