NZ business confidence improves in third quarter - NZIER survey

Reuters

NZ business confidence improves in third quarter - NZIER survey

Reuters logo Reuters 19/10/2020 23:17:28
a group of people standing in front of a sign: Shoppers stand outside a retail store displaying a sales sign in central Wellington, New Zealand © Reuters/DAVID GRAYShoppers stand outside a retail store displaying a sales sign in central Wellington, New Zealand

WELLINGTON (Reuters) - New Zealand business confidence improved in the September quarter reflecting a pick-up in demand, a private think tank said on Tuesday.

A net 40.0% of firms surveyed expected general business conditions to deteriorate compared with 63% expecting a slowdown in the previous quarter, the New Zealand Institute of Economic Research's (NZIER) quarterly survey of business opinion (QSBO) showed.


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"This result supports our expectations of a V-shaped recovery in economic activity, as the New Zealand economy responds to the unprecedented amount of stimulus measures implemented by the Government and Reserve Bank," NZIER said in a statement.

The survey's measure of capacity utilisation was 92.6%, from the previous quarter's 92.8%.

(Reporting by Praveen Menon; editing by Chris Reese)

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mardi 20 octobre 2020 02:17:28 Categories: Reuters

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