Allison Lawton, CE, Rotorua Chamber of Commerce 

12th December, 2017

Business Confidence Falls

A Chamber survey of businesses in the Northern Region reveals that business confidence has fallen dramatically.

When questioned on their view of the NZ economy in the next six months, only 19% believed it would improve and 32% believed it would deteriorate.  (This compares with 31% and 11% respectively in the last quarterly survey.)

Chamber Chief Executive Allison Lawton said she believed a significant part of the reason was the election and uncertainty created by a change in Government.

“Business operates best in an environment of certainty – when business is confident it employs and invests,” she said.

“The uncertainty around immigration and investment intentions in infrastructure adds to this, but it should be short-lived once the new Government clarified its priorities,” she added.

The survey also revealed that employers were continuing to have difficulty finding the right people with the right skills, with 44% of respondents indicating difficulty recruiting the right talent to grow their business.

Business survey sidebars: Nov, 2017

General business situation in NZ

 

May 17

Aug 17

Nov 17

Improve

42%

31%

19%

Same

51%

56%

49%

Deteriorate

6%

11%

32%

       

 

Finding skilled staff

 

 

Aug 17

Nov 17

Easier

 

4%

3%

Same

 

39%

43%

Harder

 

40%

40%

       

 

Recruiting now  

 

 

Aug 17

Nov 17

Yes

 

48%

52%

No

 

52%

48%