BNZ Survey - Confidence Eases Slightly

CONFIDENCE EASES SLIGHTLY

Our first Confidence Survey for 2010 has found a net 37% of respondents expect the economy will improve over the coming year.

This is a decline from 43% in the last survey undertaken in December but as the graph shows still leaves sentiment at a firmly positive setting.

Sentiment in most surveys soared from the middle of 2009 as a huge sign of relief was expressed over avoidance of a Great Depression scenario.

Naturally, when asked whether they saw things improving respondents overwhelmingly said yes – there is only one way to go.

So survey results were upwardly biased. Now more realism is setting in and we could easily see the recent downward trend in sentiment continue toward the middle of the year – in our survey and in others.

View the full report here.

ENDS

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