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27 Nov 2020 11:13
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  •   Home > News > Business

    Business confidence has improved, after a pick-up in demand

    Business confidence has improved, after a pick-up in demand

    NZIER's latest survey shows a net one percent of businesses reported an increase in trading activity.

    That's up from a net 37 percent decline in the previous quarter.

    NZIER says businesses are still feeling downbeat, but pessimism is reducing.

    Nearly 40 percent expect a deterioration in economic conditions in coming months, down from almost 60 percent.

    The survey captured the effects of Covid-19 community cases on August 11, which caused a lift in alert levels.

    © 2020 Newstalk ZB, NZCity

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