empty
 
 

2020.04.0703:59:00UTC+00New Zealand Business Confidence Deteriorates In Q1

New Zealand business confidence deteriorated notably in the first quarter, survey data from the New Zealand Institute of Economic Research showed on Tuesday.

A net 67 percent of businesses expect deterioration in general economic conditions in the March quarter.

The survey was conducted prior to the announcement of lockdown to contain the spread of coronavirus, or COVID-19.

Further, the survey revealed that a net 11 percent reported weaker demand in their own business in the first quarter, and a net 13 percent forecast weaker demand in the next quarter.

Although the pessimism was broad-based across the sectors, the services sector was particularly pessimistic. A net 76 percent expect weaker economic conditions over months ahead.

Manufacturers were also downbeat, while prospects for the building sector were mixed in the first quarter.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback