Inaugural PTI survey finds buoyant sentiment in Pacific businesses
Pacific Island businesses are generally in a buoyant mood, as indicated by an inaugural quarterly survey of businesses
in the region.
Pacific Trade Invest (PTI) New Zealand last week announced the launch of the new PTI Business Intel Survey focusing on key economic themes of interest to Pacific businesses.
The survey, which will be conducted in the first half of the final month of each quarter (March, June, September and
December), gauges activity across the Pacific Islands Forum countries with feedback received from a range of business
stakeholders around the region each quarter.
It collects feedback from the Cook Islands, Federated States of Micronesia, Fiji, French Polynesia, Kiribati, Marshall
Islands, Nauru, New Caledonia, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.
The results of the quarter ended September 2018, the first in the series, indicate that businesses across the Pacific
are in a buoyant mood. This resonates with official economic statistics reported across various Pacific nations
including Fiji, though the official data is not as timely as the survey.
Access to credit is cited as the biggest factor holding Pacific Island businesses back. Sales ranked second. The factors
limiting firms’ ability to expand were reasonably broad-based including capital, sales, capacity, skills and
Across most developed countries, access to capital does not typically feature highly as a constraint on the ability to
expand. A lack of sales or constraints in the form of labour shortages or capacity normally feature high. The high
ranking of capital as a factor constraint across the Pacific highlights a key policy and economic issue.
The survey aims to help inform businesses and policy makers on economic trends by providing timely gauges of economic
momentum and expectations for growth, employment and investment going forward. It is particularly relevant as an
information source given New Zealand’s additional financial commitment to the Pacific region.
Results are processed by PTI NZ and Bagrie Economics, a boutique research firm that specialises in independent,
authoritative analysis of the New Zealand economy and economic issues generally.
Although the survey is sentiment based, such sentiment-based surveys have proven to be effective barometers of economic
activity around the globe, including in New Zealand. A key advantage of such surveys is that they are timely. It can
often take considerable time for official statistics to be verified and released.
The Business Intel Survey is a partnership between PTI NZ and Bagrie Economics, which has extensive market experience
and provides regular, reliable intelligence and insight independent of any financial organisation. This analysis is
delivered via presentations, assistance with policy briefs and submissions, the creation of proprietary indicators, road
shows or white label research.
to read/ download the full survey.
For more information contact Dev Nadkarni, Marketing, Communications and Research Manager, Pacific Trade Invest NZ
About Pacific Islands Trade & Invest
Pacific Islands Trade & Invest (PT) is the economic development agency of the Pacific Islands Forum Secretariat, engaged in trade and investment in
Pacific Island Forum Countries including the Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Marshall
Islands, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. The PT Network has offices in New Zealand, Australia, China, Japan and Switzerland.