Business gloom offers inflation hope

A net 28% of firms reported a decline in activity. (Image: NZME)

Tue, 02 Jul 2024

The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion shows a continued deterioration in business confidence in the second quarter.A net 35% of firms expected a deterioration in the general economic outlook over the coming months on a seasonally adjusted basis, the survey found.Firms’ own trading activity also weakened. A net 28% of firms reported a decline in activity in their own business in the June quarter, which was up from the 24% seen in the previous quarter.Each quarter, the NZIER asks...

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