Good weather ahead – small firms show confidence

Monday, 17 October 2016, 11:22 am
Press Release: ANZ Bank

17 October 2016

Good weather ahead – small firms show confidence

Spring is in the air for New Zealand’s small businesses, many of who are seeing fine economic weather ahead. However, a lack of skilled staff is putting a strain on growth, according to ANZ’s quarterly Business Micro Scope survey of small firms.

A net 17% of respondents - up from 8% in June - say they are confident about the business environment in the year ahead. Within this group, businesses employing 6 – 20 employees were the most optimistic, jumping 15 points to a net 26%.

The ANZ composite measure – a key proxy for growth – lifted to +15 during the quarter. The composite measure is based on firms’ activity outlook, hiring, investment and profit expectations, all which improved in the September quarter.

ends

© Scoop Media

ANZ Bank New Zealand Limited

Get on top of your money

ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.

We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.

Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.

Contact ANZ Bank New Zealand Limited

• Phone - 0800 269 296
• Website - www.anz.co.nz/personal/
• Join Us - Switch to ANZ
• More about - Home Loans
• More about - Credit Cards
• More about - Personal Loans
• More about - Business Banking
• Work it out - Mortgage Calculators