close
MENU
Economics
3 mins to read

Business confidence sours on tough economy

The post-election confidence and activity bounce last year was short-lived, latest NZIER survey shows.

WATCH: Hamilton Hindin Greene investment adviser Jeremy Sullivan speaks with Jonathan Mitchell.

Key points
  • What’s at stake: Whether the RBNZ moves the OCR this year, up or down, because of inflation and the slowing economy.
  • Background: The NZIER has released its latest survey of business opinion, showing confidence soured early in the year. 
  • Key players: NZIER, Christina Leung, Hamilton Hindin Greene, Jeremy Sullivan, ANZ, Miles Workman, Kiwibank, Jarrod Kerr, Westpac, Michael Gordon. 

Business confidence has dropped off in a deteriorating economy, with a pessimistic attitude about the months ahead.

The NZ Institute of Economic Research’s March quarter survey showed a net 24% of businesses expect the economy to get worse this year.

That was above the net 10% in the December

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • What’s at stake: Whether the RBNZ moves the OCR this year, up or down, because of inflation and the slowing economy.
  • Background: The NZIER has released its latest survey of business opinion, showing confidence soured early in the year. 
  • Key players: NZIER, Christina Leung, Hamilton Hindin Greene, Jeremy Sullivan, ANZ, Miles Workman, Kiwibank, Jarrod Kerr, Westpac, Michael Gordon. 
Business confidence sours on tough economy
Economics,
103535