New Zealand Embassy Tokyo, Japan

New Zealand business confidence reaches a 20-year high

The latest survey of business opinion from the New Zealand Institute of Economic Research indicates that New Zealand business confidence is at its highest level since 1994.

NZIER also report that in early 2014 trading activity, which closely mirrors GDP growth, accelerated to the fastest pace since December 2003. Key drivers of growth this year will be the dairy and construction sectors, although other sectors will also contribute to growth performance.

NZIER say the high level of business confidence is translating into business decisions on recruitment and investment.

The survey shows a broadening recovery across regions, although there are some weak spots. Activity is particularly strong in Auckland, Canterbury and much of the South Island.

Here is the link to the NZIER’s full media release.

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