Business confidence returning but cost pressures ‘intense’
Quarterly survey of business opinion continues improvement from historic low but many still downbeat.
Retailers were the most downbeat in the June quarter, with a net 64% expecting worse economic conditions ahead.
Business confidence is starting to pick up from the doldrums but trading activity remains subdued and costs pressures are still “intense”, according to economic consultancy NZ Institute of Economic Research.
Its Quarterly Survey of Business Opinion (QSBO) showed a net 59% of businesses expect
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