Source: New Zealand Institute of Economic Research
14 January 2020
The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows an improvement in business confidence in the final quarter of 2019, with a smaller proportion of businesses expecting a worsening in general economic conditions.
Meanwhile firms’ own trading activity, which provides a better indication of demand in the New Zealand economy, remained soft. The proportion of businesses reporting weaker demand in December 2019 remained at 11 percent on a seasonally adjusted basis, suggesting annual GDP growth of around 1 percent towards the end of 2019.
This publication is only available to NZIER members. The media release can be read here.