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Source: New Zealand Institute of Economic Research

18 January 2022

The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows business confidence and demand fell as the COVID-19 outbreak dragged on. The December 2021 QSBO survey was carried out from 8 November 2021 to 10 January and captured the effects on Auckland and its neighbouring regions in lockdown and domestic and international border restrictions. With new COVID-19 variants emerging and overwhelming healthcare systems in other major countries, uncertainty over how the pandemic will evolve remains high, and businesses have become more cautious about investment. 

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