Confidence Hits A Record High
Our monthly survey elicited 763 responses last week and a record net 59% of respondees expect that the NZ economy will be in better shape in a year’s time than it is now. This result is consistent with other less up to date measures showing very positive business sentiment. Some of those other surveys also show high levels of business investment and employment intentions. Our survey does not directly gather such information but instead we give respondees the opportunity to tell us how things are in their particular sector.
In that regard the comments have been over-whelmingly positive this month with some key themes being worsening shortages of labour and a still deepening shortage of residential real estate listings.
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