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Economics
3 mins to read

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.

NBR Staff Tue, 04 Jul 2023

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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NBR Staff Tue, 04 Jul 2023
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Business confidence returning but cost pressures ‘intense’
Economics,
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