News | Business
5 Aug 2020 8:26
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    New Zealand firms aren't expecting a pickup in economic activity anytime soon and many plan to further reduce staff

    New Zealand firms aren't expecting a pickup in economic activity anytime soon and many plan to further reduce staff


    The NZIER Quarterly Survey of Business Opinion shows a net 37 per cent report a decline in trading activity in the June quarter.

    A net 25 per cent also expect weaker demand in the next quarter.

    Principal economist Christina Leung says a net 19 percent of businesses cut staff in the June quarter.

    She warns a net 28 per cent of businesses plan to cut staff numbers in the next quarter as well - the weakest level since March 2009.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     05 Aug: Don't panic - the dairy market is just righting itself
     05 Aug: ANZ thinks unemployment could hit near 10 per cent by the end of the year
     04 Aug: UK diners treated to half-price meals ahead of feared second coronavirus wave
     04 Aug: The Mayor of Kapiti Coast's calling for more details from National's transport plan
     03 Aug: Workers at one of the country's largest medical labs have voted to strike later this month
     03 Aug: The Government's funding an upgrade at the Chatham Islands airport runway, so larger aircraft can land
     03 Aug: A busy three months on Wellington's event calendar should bring a big boom to bars and restaurants
     Top Stories

    RUGBY RUGBY
    An All Blacks-Moana Pacific match is expected to be confirmed this week at Mt Smart Stadium on October 3, one week before the first scheduled Bledisloe Cup test More...


    BUSINESS BUSINESS
    Don't panic - the dairy market is just righting itself More...



     Today's News

    Business:
    Don't panic - the dairy market is just righting itself 8:16

    Business:
    ANZ thinks unemployment could hit near 10 per cent by the end of the year 8:16

    Entertainment:
    Gigi Hadid gushed over her "baby daddy" Zayn Malik in a sweet Instagram post 8:14

    Health & Safety:
    Breakthrough new blood test could diagnose Alzheimer's decades earlier 8:06

    Rugby:
    An All Blacks-Moana Pacific match is expected to be confirmed this week at Mt Smart Stadium on October 3, one week before the first scheduled Bledisloe Cup test 8:06

    Cricket:
    The Black Caps' cricket trousers might require reinforcement in the upper thigh and lower buttock region this summer 8:06

    International:
    Iran's President Hassan Rouhani says 20 million citizens could have COVID-19. Is that true? 7:56

    Politics:
    An Auckland restaurant is being dished up a taste of its own medicine 7:56

    Cricket:
    Ireland's on the charge in the third one-day cricket international against England at Southampton 7:46

    Auckland:
    Police are at the scene of a serious incident in West Auckland 7:46


     News Search






    Power Search


    © 2020 New Zealand City Ltd