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New Zealand business confidence fell even more in Q4: -70% vs. -42% prior

New Zealand business confidence fell even more in Q4: -70% vs. -42% prior

NZIER Quarterly Survey of Business Opinion (QSBO).

NZIER main points from the report:

  • net 73 percent of businesses expect general economic conditions to deteriorate over the coming months – the weakest over the survey’s history (ie since 1974)
  • activity in their own business, a net 13 percent of firms reported a decline in activity over the past quarter. This was the weakest since June 2020 survey when the full impact of the first COVID-19 lockdown was captured
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Posted: Jan 16 2023, 21:03
Author Name: forexlive
Views: 102273

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