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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

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