BNZ Confidence Survey has found a slight decrease in the net
The percent of Weekly Overview readers expecting the economy to improve over the coming year to a net 45% positive from
57% in early June. The result is still very high by the standards of the survey and suggests some good growth in the
economy over the coming year.
Results of interest in the survey include a noticeable improvement in sentiment in the legal sector, widespread
shortages of residential real estate listings, and more balanced feedback from the retailing sector than the outright
pessimism which has dominated for a long time.
Greater insight into conditions in residential real estate will appear in our monthly BNZ-REINZ Market Survey due to be
released Wednesday afternoon.