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

 

Buoyant sentiment in Pacific businesses


Inaugural PTI survey finds buoyant sentiment in Pacific businesses

Pacific Island businesses are generally in a buoyant mood, as indicated by an inaugural quarterly survey of businesses in the region.

Pacific Trade Invest (PTI) New Zealand last week announced the launch of the new PTI Business Intel Survey focusing on key economic themes of interest to Pacific businesses.

The survey, which will be conducted in the first half of the final month of each quarter (March, June, September and December), gauges activity across the Pacific Islands Forum countries with feedback received from a range of business stakeholders around the region each quarter.

It collects feedback from the Cook Islands, Federated States of Micronesia, Fiji, French Polynesia, Kiribati, Marshall Islands, Nauru, New Caledonia, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.

The results of the quarter ended September 2018, the first in the series, indicate that businesses across the Pacific are in a buoyant mood. This resonates with official economic statistics reported across various Pacific nations including Fiji, though the official data is not as timely as the survey.

Access to credit is cited as the biggest factor holding Pacific Island businesses back. Sales ranked second. The factors limiting firms’ ability to expand were reasonably broad-based including capital, sales, capacity, skills and competition.

Across most developed countries, access to capital does not typically feature highly as a constraint on the ability to expand. A lack of sales or constraints in the form of labour shortages or capacity normally feature high. The high ranking of capital as a factor constraint across the Pacific highlights a key policy and economic issue.

The survey aims to help inform businesses and policy makers on economic trends by providing timely gauges of economic momentum and expectations for growth, employment and investment going forward. It is particularly relevant as an information source given New Zealand’s additional financial commitment to the Pacific region.

Results are processed by PTI NZ and Bagrie Economics, a boutique research firm that specialises in independent, authoritative analysis of the New Zealand economy and economic issues generally.

Although the survey is sentiment based, such sentiment-based surveys have proven to be effective barometers of economic activity around the globe, including in New Zealand. A key advantage of such surveys is that they are timely. It can often take considerable time for official statistics to be verified and released.

The Business Intel Survey is a partnership between PTI NZ and Bagrie Economics, which has extensive market experience and provides regular, reliable intelligence and insight independent of any financial organisation. This analysis is delivered via presentations, assistance with policy briefs and submissions, the creation of proprietary indicators, road shows or white label research.

Click here to read/ download the full survey.

For more information contact Dev Nadkarni, Marketing, Communications and Research Manager, Pacific Trade Invest NZ (email: dev.n@pacifictradeinvest.co.nz)

About Pacific Islands Trade & Invest

Pacific Islands Trade & Invest (PT&I) is the economic development agency of the Pacific Islands Forum Secretariat, engaged in trade and investment in Pacific Island Forum Countries including the Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Marshall Islands, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. The PT&I Network has offices in New Zealand, Australia, China, Japan and Switzerland.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: