The Mood of the Boardroom survey adds to the soft data pointing to a lift in investment and hiring over the year ahead. Other surveys of business sentiment have been telling a similar story for some time. But the hard data, from Statistics New Zealand, has yet to bear them out. Business, in short, has not yet put its money where its mouth is, especially on the investment front.
Daily Business News
Mood of the Boardroom: Business still to act on optimism
The Mood of the Boardroom survey adds to the soft data pointing to a lift in investment and hiring over the year ahead. Other surveys of business sentiment have been telling a similar story for some time. But the hard data, from Statistics New Zealand, has yet to bear them out. Business, in short, has not yet put its money where its mouth is, especially on the investment front.
NZ needs to act like city of 4m to boost innovation
New Zealanders are being told they need to act like a city of four million people to boost innovation. Data showed that larger rates of patenting were achieved in bigger cities, MacDiarmid Institute deputy director Shaun Hendy said during a panel discussion on innovation organised by the Science Media Centre today.
Economic recovery 'still on track' despite confidence fall
Business confidence is slowing from a "gallop to a canter", but still suggests economic growth of more than 4 per cent by the end of the year, according to a bank survey.
NZ dollar mixed in response to GDP, Aust leadership change
The New Zealand dollar dipped briefly after gross domestic product data and was volatile after Australia's ruling Labour Party dumped Kevin Rudd in favour of Julia Gillard. "Kiwi was volatile on the news of a new Australian prime minister but it moved in both directions," said Imre Speizer, senior currency strategist at Westpac.Cheeky taniwha has Rugby World Cup backing
Buzzy Bee could have some competition if two Auckland businesswomen get their way. Ponsonby-based Andrea Kahukiwa and Yvonne Letton have signed a deal for their Tutu Taniwha - a New Zealand-made stuffed toy - to become official Rugby World Cup 2011 merchandise.
NZ annual deficit smallest since 1989
The current account deficit, a measure of how much more the country spends than it earns in its dealings with the rest of the world, shrank in the first three months of the year as export prices climbed and the profits of foreign-owned companies sagged. It's steady, but recovery continues
Gross domestic product grew 0.6 per cent in the first three months of the year but it was a two-speed economy, with growth concentrated in the export sector. The manufacturing sector was the biggest contributor to the expanding economy.
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