INDEPENDENT NEWS

Encouraging trend for business confidence

Published: Fri 12 Apr 2019 03:55 PM
Confidence is still struggling within the business community, but in contrast to recent survey trends, an Auckland Business Chamber survey has shown a 4% lift in business confidence for the first quarter of the year.
Chamber CEO, Michael Barnett, suggested the result reflected the mix of businesses making up the Chamber’s membership.
“This ‘against the trend’ result, may be due to the survey reflecting feedback from both large and small enterprises that the Chamber’s membership captures.”
Despite the result showing a 4% increase in confidence from the Chamber’s previous quarterly survey, a net 34% of respondents still said they expect general business conditions in New Zealand to deteriorate over the next six months.
The survey also illustrated frustration for businesses trying to employ talent - with nearly 50% reporting difficulty finding skilled and specialist employees.
When asked to name the top three issues impacting negatively on their business the responses identified: Tax increases (e.g. Fuel Tax), Traffic Congestion and Compliance.
The survey also asked businesses if the increase in the minimum wage would mean a price increase in their products or service - 40% indicated that it would mean an increase.

Next in Business, Science, and Tech

Fish & Game back call from Canterbury Officer of Health
By: Fish and Game New Zealand
Government invests in cancer research, vertical farm science
By: New Zealand Government
Net migration remains high
By: Statistics New Zealand
Costco to open first NZ store at Westgate in Auckland
By: BusinessDesk
Fungal disease claims life of seventh kākāpō
By: RNZ
Growing risk of nitrate contamination private water supplies
By: Water New Zealand
Government to invest $75m into Gracefield Innovation Quarter
By: BusinessDesk
Defence to draw more on local suppliers, smarts
By: BusinessDesk
Investment in Gracefield Innovation Quarter
By: New Zealand Government
Government matches Malaghan Institute’s ambitions for cancer
By: Malaghan Institute
Funding for World Class Innovation Hub Welcomed
By: Hutt City Council
Supporting Innovations in Heart Health
By: National Heart Foundation
‘Best brains’ awarded postgraduate scholarships
By: Universities New Zealand - Te Pokai Tara
MBIE funding embeds start-up as world-leading agtech company
By: BioLumic
Helping farmers see the future
By: AgResearch
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media