Source: New Zealand Institute of Economic Research
05 October 2021
The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows a weakening in business confidence in the September quarter, despite demand in firms’ own business holding up.
A net 8 percent of businesses expect a deterioration in general economic conditions over the coming months – a turnaround from the net 9 percent expecting an improvement in the previous quarter. This weakening in sentiment was despite demand remaining solid, with a net 29 percent of businesses reporting an increase in their own trading activity in the September quarter.
Full results of the survey are available to NZIER members. The media release can be read here.
