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Drought hasn't stopped confidence hitting 19 month high

Published: Mon 11 Mar 2013 10:19 AM
Drought hasn't stopped confidence hitting a 19 month high
Welcome to the March BNZ Confidence Survey Results
Our second monthly BNZ Confidence Survey for 2013 has found that in spite of the spreading drought, export-suppressing high exchange rate, and worries about housing affordability, sentiment regarding where the economy is heading has improved to the highest level since July 2011.
A net 41% of businesses are confident about the year ahead compared with a net 32% in February.
In the construction and civil construction sectors activity is noticeably strong or picking up, and residential real estate remains buoyant with the long noted shortage of listings broadly continuing. The forestry sector is again reported to be in improving condition. But substantial caution prevails in the agricultural sector with worries about the drought.
One noticeably newly strong sector is recruitment. All six comments received were on the positive side so maybe this is an early indicator of things solidly cyclically improving.
Survey results are available here.
http://tonyalexander.co.nz/wp-content/uploads/2013/03/BNZ-Survey-Results-March-11-2013.pdf
The BNZ Confidence Survey is one of a suite of five publications. The monthly Growing With China issues are here.
http://tonyalexander.co.nz/topics/china/
The monthly Brain Gain NZ can be located here.
http://www.braingainnz.co.nz/
The Weekly Overviews are loaded here.
http://tonyalexander.co.nz/topics/regular-publications/bnz-weekly-overview/
The monthly BNZ-REINZ Residential Market Surveys are posted here.
http://tonyalexander.co.nz/topics/surveys/bnz-reinz-survey/
The monthly BNZ Confidence Surveys are available here.
http://tonyalexander.co.nz/topics/surveys/bnz-confidence-survey/
BNZ
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.
Contact Bank of New Zealand
Website:
Phone:
0800 275 269
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