NZIER New Zealand Business Confidence extends decline in Q2

According to the New Zealand Institute of Economic Research , Business Confidence aggregates revealed a further decline in business activity outlook surveys.

'sDeputy Chief Executive & Head of Membership Services, With around 60 percent of mortgages due for repricing within the coming 12 months and the softening labour market, we expect these developments will weigh on consumer confidence and retail spending over the coming year.This environment of higher interest rates and heightened uncertainty about the outlook has made businesses much more cautious about hiring and investment.

Business Confidence released by the New Zealand Institute of Economic Research shows the business outlook in New Zealand. The Business Confidence allows analysis of economic situation in the short term. Increasing numbers indicates increases in business investment that lead to higher levels of output. Thus, a high reading is seen as positive , while a low reading is seen as negative . Read more.

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