Firms still con­fi­dent

Central Leader - - NEWS -

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.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.