Tuesday, 18th November, 2014

Following three months of election uncertainty business confidence rose in the final 2014 quarter. Confidence overall is down on the highs of the early part of the year with a net 40 per cent of businesses optimistic that business conditions will improve.

A concern for business is that almost 40 per cent of those seeking to employ skilled people are having difficulty finding suitable employees. This is a constraint for their growth and will constrain Auckland’s ability to grow at the rate is should be capable of.

Other survey results:

  • 24% of employers expect employee numbers to be up
  • Costs expected to hold
  • Selling prices expected to be up
  • Profitability is holding
  • Export intentions up

For an insight into the wider economic outlook for New Zealand please view these presentation slides which were prepared and presented by economist and financial journalist Bernard Hickey at our final Business Update event for 2014.

Click here for Business Confidence Survey results.

For more information contact Michael Barnett, mobile: 0275 631 150.
Michael Barnett, Chief Executive, Auckland Chamber of Commerce.