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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
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

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Jonathan Mitchell Tue, 09 Apr 2024
Contact the Writer: jmitchell@nbr.co.nz
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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
true