Our monthly survey of the confidence of Weekly Overview readers has produced a decline for the third month in a row with sentiment now at the level of April last year. Only a net 2% of the 542 respondents expect the economy will get better over the coming year down from 26% in June and a peak of 56% in September last year.
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BNZ Survey July Results - Reality Check on Optimism
Businesses cautious but positive about hiring more staff
New Zealand businesses remain positive about hiring staff but are seeking a higher percentage of contract workers, recruitment company Hudson says. Hiring intentions increased for the fifth quarter in a row, but is up only marginally on figures from the first half of this year.The overall results of the Hudson Report show a net 20.3 per cent of businesses indicating an intention to increase their permanent staff numbers during the current quarter, up 0.5 percentage points from the previous three months.
Westpac Weekly Commentary - Bruised but unbowed
The Quarterly Survey of Business Opinion for June was generally softer compared to March, but it remains consistent with a normal pace of recovery.
Govt finances better than expected - Treasury
The Government's fiscal position for the 11 months to the end of May was better than expected, with tax revenues slightly ahead of forecast and spending slightly below.
BNZ Weekly Overview From Tony Alexander - Chief Economist, BNZ
In this week’s Overview we look at data showing our economy is growing, and data showing some areas struggling. We also look at the NZIER’s survey results and note even with the quarter’s declines the readings still suggest near 3% economic growth.
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