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Business confidence fell during the election campaign, but less than for other elections. Bernard Hickey reports uncertainty about the shape and policies of a new Government are affecting business sentiment, but vehicle and retail sales show businesses and consumers have not put away their wallets.
Construction sector confidence slumped in the June quarter despite solid expectations for output and new orders, adding to indications in the March quarter that building activity is coming off its highs under the weight of capacity constraints and tighter credit availability from banks.
Good morning all.
The New Zealand Institute of Economic Research's (NZIER) March Quarterly Survey of Business Opinion (QSBO) showed businesses were at their most confident in 20 years and were trading at similar levels to those seen December 2003 when GDP was growing at nearly 4.5%.
It turns out the September quarter was not a happy time for businesses planning their investments in Christchurch. The New Zealand Institute of Economic Research's (NZIER) Quarterly Survey of Business Opinion (QSBO) found investment intentions slumped in the September quarter back to where they were before the February 2011 earthquake.
Economic growth is surging into the 3-4% range, but the New Zealand Institute of Economic Research 's (NZIER) Quarterly Survey of Business Opinion (QSBO) released on Tuesday showed a frustrating gap is opening up between businesses reporting skill shortages and wages growth.
The New Zealand Institute of Economic Research (NZIER) reported the strongest business confidence in 10 years on Tuesday, but for the fourth quarter running the experienced business conditions failed to live up to the previous quarter's expectations. It's a pattern that has developed since the Global Financial Crisis and means new hiring and investment has consistently disappointed.