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BNZ Monthly Survey Results - Nov 2008

Published: Mon 10 Nov 2008 02:30 PM
BNZ Monthly Survey Results - Nov 2008
Our monthly survey of Weekly Overview readers has revealed a deterioration in sentiment about the New Zealand economy. A net 40% of respondents to the survey sent out on Thursday night expect the economy will get worse over the coming year. The result for early October was a net 20% pessimistic and in September there was a rather surprisingly strong net 27% feeling optimistic for the coming year.
Economic conditions are deteriorating rapidly offshore and the New Zealand economy will feel some strong negative effects over 2009. Businesses appear highly aware of what is going to hit our shores and the coming year will be quite challenging for the new government.
BNZ Confidence Survey, 10 Nov 2008
Bank of New Zealand
Be good with money
Bank of New Zealand (BNZ) has been a big part of New Zealand life for over 150 years since its foundation in 1861. The bank employs over 5,000 people and has more than 170 retail stores and 32 Partners business centres across the country.
Passionate about enabling a higher achieving New Zealand, BNZ works with personal, business, agri, and private wealth clients, helping them grow and make their goals a reality.
A subsidiary of the National Australia Bank Group of companies, BNZ is governed locally by a Board of Directors and strives to help New Zealanders be good with money.
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