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.
FUll sruvey reseults are available to NZIER members only. The media release can be read here.
