Celebrating 25 Years of Scoop
Special: Up To 25% Off Scoop Pro Learn More
Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Fall in confidence disappointing but no surprise

Fall in confidence disappointing but not surprising

"The fall in confidence in the NZIER's September quarter survey of business opinion is disappointing but not surprising," Finance Minister Michael Cullen said today.

"Higher petrol prices, the recent exchange rate volatility and flat domestic demand are squeezing company profit margins, especially in the non-tradeables sector."

But Dr Cullen said it was important not to lose perspective.

"All forecasters have the economy rebounding before the end of this year and growing steadily through the next two years.

"The low dollar is assisting exporters, with manufacturers expecting a stronger lift in export sales over the next three months.

"This growth will eventually flow through to the domestic market," Dr Cullen said.

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.