Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Business Confidence Falls

18 August 2014
Media Release: For Immediate release

Business Confidence Falls

Business confidence in the Northern region fell dramatically in the latest Chamber of Commerce Survey.

Tauranga Chamber of Commerce CEO David Burnett suggested that there are reasons for concern.

“You could blame it on seasonal issues like winter or on the uncertainty imposed by the general election but there are worrying indicators in play” said Burnett.

Key Findings:

• 29% of firms suggested they are having difficulties getting the right people with the right skills.

• 7% of firms are having difficulty attracting unskilled labour.

• Access to finance and investment continues to be a challenge for some businesses.

• Exporters maintain the high dollar is denying them international opportunities.

• The biggest issue constraining growth in the region is demand, which is flowing through to lower intentions to employ, fewer hours to be worked and lower profitability.

Each of these factors are constraints to growth on their own and the skills issue needs attention from both business and Government the Chamber suggested.

ENDS

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.