The survey is sent out to each of the 28,000 subscribers to the BNZ Weekly Overview on the first Thursday of each month and results are published the following Monday. It is the most up to date gauge of changes in business sentiment in New Zealand and accurately picks changes which subsequently appear in other surveys released with lags of many weeks.
Confidence At record High
Monday December 2nd 2013
Confidence about where the NZ economy will be in a year’s time has hit a record net 69% positive, up from 66% last month. Construction and its many associated industries is strong, accountants are more positive than for many years, and things are less negative in a number of sectors such as retailing. The LVR changes have dented residential real estate turnover, taken pressure off prices, and led to vendors moving away from selling using auctions. Listings shortages persist however.
Confidence hits record high
Monday November 11th 2013
Confidence amongst BNZ Weekly Overview readers regarding where the NZ economy will be in a year’s time has surged to a record high. A net 65.7% of the 469 respondents are optimistic compared with a net 45% in October and 57% in September. Sentiment has been broadly trending upward since the middle of last year and this month only 27 people in fact felt that the economy would be in worse state in a year’s time.
Confidence Survey Results
Monday September 30th 2013
Kiwis Less Relaxed About China
Monday September 2nd 2013
Our feelings of ease about New Zealand’s growing economic dependence upon China have taken a battering this month following the milk powder scare. Whereas for the previous three months a net 44% of respondents to our survey have each month said that they are happy about our economic relationship with China, this month that proportion has dropped to a net 28%. This is still a firmly positive result but the decline provides us with the only evidence of how our thinking as opposed to the thoughts of Chinese may have changed as a result of the poison milk worries.
Confidence at a record high
Monday August 5th 2013
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 key themes are worsening shortages of labour and a still deepening shortage of residential real estate listings.
Sentiment Remains At A Record Level
Monday July 1st 2013
This month we received 642 responses to the survey which have provided us with some excellent insight into conditions in manufacturing, retailing, real estate and many other sectors. Sector comments stretch to 17 pages this month.
Confidence at Record High
Monday June 3rd 2013
Business optimism in our monthly BNZ Confidence Survey has reached a record net 57% feeling positive compared with 45% in May and 25% in April. The survey has captured reaction to the Budget and Fonterra’s announcement of a $1.20 increase in the milksolids payout along with a five cent fall in the NZ dollar against the greenback.
BNZ Confidence Survey Results
Monday April 29th 2013
Our monthly survey of Weekly Overview readers attracted 203 responses and found a strong net 45% feeling that the economy will be better in a year’s time. This is up from the late-March result of a net 25% positive and is suggestive of eventually some good employment and capital spending growth.
Drought pushes confidence to a six month low
Sunday March 31st 2013
Optimism about where the economy will be in a year’s time has dipped to a six month low of a net 25% positive from 41% in early-March. The lengthening drought has clearly dented sentiment in the farming and farm servicing sectors while also crimping retail spending. However there is buoyancy in other sectors such as forestry, residential real estate, construction and related industries, and wine. The results therefore show an economy which is taking a hit from the lengthening drought, but with enough strength in other areas that sentiment still sits well above the long term average of a net 4% pessimistic. This therefore is consistent with growth in the economy in the area of 3% in the coming year or two – though subject to the drought not continuing much into April.
Business Confidence Hits 19 Month high
Saturday March 9th 2013
Our second monthly BNZ Confidence Survey for 2013 has found that in spite of the spreading drought, export-suppressing high exchange rate, and worries about housing affordability, sentiment regarding where the economy is heading has improved to the highest level since July 2011.