business confidence

Sorry Mr Little, but we’ve discovered more good news


vai RNZ

New Zealand firms had a more positive outlook in September about both their own prospects and the wider economy, with employment intentions and profit expectations rising.

A net 27.9 per cent of firms were optimistic about the general economic outlook over the coming year, up from a net 15.5 per cent in August, according to the ANZ Business Outlook. Read more »

New Zealand business upbeat about New Zealand, downcast about the world

The confidence of New Zealand’s private sector leaders in the global economy improving has plummeted, though many remain optimistic about their own businesses.

Just 23 percent of chief executives questioned in PricewaterhouseCoopers’ annual CEO survey believe the global economy will get better in 2016, halving from 47 percent the year before.

About half the CEOs surveyed believe the global economy will stay the same.

“Given the wide-ranging uncertainties CEOs are facing – cyber security, over-regulation, geopolitical stability – it’s easy to see why they’re divided about whether there are more threats or opportunities today,” PwC New Zealand chief executive Bruce Hassall said.

“But it’s not all doom and gloom. Kiwi organisations are remaining optimistic about their own growth prospects despite the possibility of a stagnant or declining global economy.”

A vast majority of New Zealand businesses are confident about their company’s growth prospects in the coming year, with 40 per cent very confident and another 51 percent are somewhat confident.

This reflects the confidence business in New Zealand has in this National-led government.? It has already navigated us through the Global Financial Crisis, and they trust it to do the same when the global economy dips again. Read more »

Business confidence back up

This can’t be half bad… Tina Morrison explains:

New Zealand business confidence advanced for the first time in eight months in October, rebounding from a two-year low as certainty returned following last month’s?general election. The New Zealand dollar rose after the survey was released

A net 26.5 percent of firms are optimistic business conditions will improve in the coming year, up from a net 13.4 percent last month and the first increase since confidence hit a 20-year high of 70.8 percent?in February, according to ANZ Bank’s latest Business Outlook survey.?Still, firms expectations for an improvement in their own activity was little changed at?a net 37.8 percent from 37 percent last month.

Last month’s survey was taken before the outcome of the?Sept. 20 general election, where incumbent Prime Minister John Key and his National government were returned for a third term. This month’s survey showed expectations for profitability, investment, and?hiring edged lower while export and pricing intentions lifted. Read more »