Firms still confident
Business confidence remains steady according to an Auckland Chamber of Commerce Survey – but for most the profits have yet to materialise.
Eight hundred businesses were quizzed last week and the results show confidence is still steady, with an increasing number of businesses predicting things will stay the same compared to last quarter.
Auckland Chamber of Commerce chief executive Michael Barnett reports that results do not suggest any dramatic change in confidence in the next quarter.
‘‘The results this quarter are what I would expect and reflect results of other New Zealand business monitors – which suggest confidence is still up and rising, albeit slower than earlier in the year. Respondents are still concerned about the value of the New Zealand dollar, their ability to recruit staff and to pay their wages.’’
The latest survey results indicate 46 per cent of business owners believe the general business situation in New Zealand will improve over the next six months – down 4 per cent from last quarter but up 20 per cent from August last year.