Monday, 17th August, 2015
More than 40% of Auckland businesses surveyed by Auckland Chamber of Commerce in August believe business conditions will deteriorate in the next 6 months.
Only 15% of respondents believe business confidence will improve. This is a sharp reversal from just 3 months ago when only 13% believed business conditions would deteriorate and 37% believed business confidence would improve.
Business owners were more positive about their own businesses, where 47% were positive about business conditions for the next 6 months.
Skilled employees were still hard to find, with 30% of employers indicating that finding the right skills was a constraint to their business.
The quarterly Business Confidence Survey also showed a jump in those seeing demand as a constraint to growth, indicating caution was already being exercised. Business expectation of interest rates was for a further decline.
Other survey results:
- Fewer firms are expecting to employ full time employees
- Total hours to be worked are down
- Profitability expectations are down
- New Zealand sales are expected to be down.
Click here to view the quarterly Auckland Business Confidence Survey Report for August 2015.
For more information contact Michael Barnett, mobile: 0275 631 150.
Michael Barnett, Chief Executive, Auckland Chamber of Commerce.