Scoop has an Ethical Paywall
Small firms’ growth expectations remain high
19 October 2017
Small firms’ growth expectations remain high
Business confidence amongst small firms eased in September but remains respectable, according to ANZ’s quarterly Business Micro Scope survey.
A net 14% of small businesses – down from 17% in the June quarter – say they are confident about general business conditions for the year ahead. Within this group, micro firms (0-5 employees) slipped by 4 points and intermediate-sized businesses dropped by 2 points.
The ANZ composite measure – a key proxy for growth based on firms’ own activity outlook, hiring, investment and profit expectations – eased slightly to +20, but that’s still elevated. The composite measure for the agricultural sector lifted to historic highs.
Agriculture based small businesses are more upbeat, consistent with firmer commodity prices. Business activity expectations for agriculture-focused small firms topped the other sectors for the first time in over six years at a net 42%, while their profit expectations surged to a four-year high of +28%.
ends
ANZ Bank New Zealand Limited
Get on top of your money
ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
University of Auckland: Kids’ Screen Use Linked To Long-Term Deficits In Self-Control And Attention
