Source: New Zealand Institute of Economic Research
06 July 2021
The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows a sharp improvement in both business confidence and demand in firms’ own business.
A net 10 percent of businesses expect an improvement in the economic outlook on a seasonally adjusted basis – a turnaround from the net 8 percent of businesses who had expected a deterioration in the previous quarter. Firms’ own trading activity also picked up strongly, with a net 26 percent of businesses reporting increased demand in the June quarter. These results suggest the recovery in the New Zealand economy will remain robust over the coming year.