Tony Alexander

Economic Commentaries

Confidence Remains Elevated

Monday February 3rd 2014

Our first BNZ Confidence Survey for 2014 has found the same very high level of confidence about the economy as our last survey for 2013. A net 68% of the 543 respondents expect the economy to be in better shape in a year’s time. A year ago this result was a net 32% positive. In fact in this survey only 33 people think the economy will deteriorate in the coming year. 402 see improvement and 108 feel things will remain unchanged.

Comments submitted by respondents show high strength in sectors such as construction, accountancy, advertising and media, forestry, ICT, automotive, and recruitment. Retailing remains quite mixed and although most manufacturers’ comments are positive, those with an export exposure are concerned about the NZ dollar’s elevated level.

In residential real estate agents note that although some more listings are appearing overall stock levels are insufficient to meet buyer demand in most locations.