Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
Auckland business confidence has hit what the chamber of commerce says is a "surprising" 12-month low.
The latest Auckland Chamber of Commerce quarterly business confidence survey, using responses from almost 1000 business owners and managers, shows net confidence in the country's business situation is 11%.
Chamber chief executive Michael Barnett says he is surprised at the results.
"It seems uncertainty in the economy is delaying businesses making decisions to grow and employ and yet that uncertainty is unnecessary," he says in a statement.
“We have so many major projects in Auckland that could be accelerated and used to stimulate our economy.
"Instead, we have businesses that have trimmed down while waiting for a recovery that has not arrived and now they are looking at further cuts to their businesses."
Finding skilled staff is difficult, particularly in the technology/communications and retail sectors, the survey suggests, while other business owners remain bullish.
“The survey shows a definite trend towards businesses tightening the belt and continuing to reduce expenditure.”
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Craig Norgate, former Fonterra CEO, dies in UK
- Air NZ only objector to Qantas and American Airlines expanding trans-Pacific alliance
- Pacific Edge rights offer mopped up by institutions, says underwriter
- NZ's export goal may require $200B of investment, Joyce's strategy paper says
- Government sets climate change target to reduce CO2 emissions to 30% below 2005 levels by 2020