Business confidence improved but still downbeat, says NZIER survey

A strong recovery in migration inflows since the borders opened last year helped improve labour shortages. (Image: Getty)

Staff reporters

Tue, 03 Oct 2023

The latest New Zealand Institute of Economic Research quarterly survey of business opinion shows business confidence improved further over the September quarter, although sentiment remains downbeat. On a seasonally adjusted basis, the quarterly survey of business opinion (QSBO) showed a net 53% of businesses expect a worsening in general economic conditions over the coming months – down from 60% in the previous quarter.Demand remained soft, with a net 17% of businesses reporting reduced activity in their own business in the September...

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