NZIER’s business confidence for New Zealand was 23% in the first quarter

Market news

14 April 2015

NZIER’s business confidence for New Zealand was 23% in the first quarter

The New Zealand Institute of Economic Research (NZIER) released its Quarterly Survey of Business Opinion on Tuesday. The business confidence in New Zealand was 23% in the first quarter, down from 24% in the fourth quarter.

The fourth quarter's figure was revised up from 23%.

The senior economist at NZIER, Christina Leung, said that the companies "are still fairly optimistic".

She noted that the services sector has performed well.

"The manufacturing sector has also been surprisingly resilient in the face of a higher New Zealand dollar-Australian dollar," Leung added.

Economic adviser to Prime Minister Shinzo Abe, Koichi Hamada, said a level around 105 would be appropriate for the yen

U.S. business inventories rise 0.3% in February

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