Scoop Business

Tony Alexander – Business Confidence At A Record High

Tuesday, 4 June 2013, 2:53 pm
Press Release: Tony Alexander Market Reports

Tony Alexander – Weekly Overview

Business Confidence At A Record High

Our survey of Weekly Overview readers show extremely positive sentiment about the economy in the coming year.

Welcome to the late-May BNZ Confidence Survey Results

Welcome to the results from our latest BNZ Confidence Survey.

A full pdf copy of the survey is loaded here.

New subscribers can be added to the emailing list here.

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.

The strong level of sentiment has positive implications for business investment and hiring and therefore consumer willingness to spend along with government tax receipts from PAYE, GST, and company tax.

This month we introduced three new questions as follows.

Do you personally feel happy or unhappy that house prices are rising?

Only 29% of Kiwis are actually unhappy about house prices rising. 42% are indifferent and 29% happy about rising prices.

Are you relaxed or concerned about New Zealand's rising economic relationship with China?

Advertisement - scroll to continue reading

66% of people are unconcerned, 12% indifferent, and just 22% concerned.

Are you thinking about borrowing more money for your business in the next three months?

28% of businesses are thinking about raising their debt levels.

The BNZ Confidence Survey is one of a suite of six publications. The monthly Growing With China issues are here.

The monthly Brain Gain NZ can be located here.

The Weekly Overviews are loaded here.

The monthly BNZ-REINZ Residential Market Surveys are posted here.

The monthly BNZ Confidence Surveys are available here.

The monthly BNZ-Nine Rewards Consumer Trends Survey is here.

Other recent publications include the following.

All the best

Tony Alexander

Chief Economist

www.tonyalexander.co.nz

ENDS

Advertisement - scroll to continue reading

Using Scoop for work?

Scoop is free for personal use, but you’ll need a licence for work use. This is part of our Ethical Paywall and how we fund Scoop. Join today with plans starting from less than $3 per week, plus gain access to exclusive Pro features.

Join Pro Individual Find out more

Find more from Tony Alexander Market Reports on InfoPages.

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH

Bill Bennett: Download Weekly - Review Of 2024

A look back at the New Zealand telecommunications sector’s biggest news stories and themes over the past year.

Bill Bennett: One NZ scores worldwide first as Starlink direct-to-mobile launches

In the latest Download Weekly newsletter: One New Zealand squeaked in ahead of the year end with its promised 100 percent coverage launch. The Commerce Commission is thinking about fibre deregulation.

Hugh Grant: How To Reduce Network Bottlenecks

There's nothing wrong with taking immediate action to resolve a bottleneck in progress, but if you want to avoid issues as much as possible, you need to be working proactively.

Dominion Road Business Association: Auckland Transport's 'Bus To The Mall' Campaign: A Misuse Of Public Funds And A Blow To Local Businesses

AT's decision to promote privately owned malls at the expense of small businesses is a slap in the face to the hardworking entrepreneurs who form the backbone of our communities.

Parrot Analytics: A Very Parrot Analytics Christmas, 2024 Edition

Parrot Analytics data confirms that the supply of Christmas movies has surged over the last two decades, growing sixfold from 2000 to 2023. The peak of new Christmas movie releases came in 2020, a time when audiences turned to feel-good content amidst global challenges.