Skip to content
Essential Business

Essential Business

Ins Business

Primary Menu
  • Essential Business
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • Home
  • New Zealand business confidence worsens as COVID continues to impact
  • business

New Zealand business confidence worsens as COVID continues to impact

By Magenet Magenet 1 month ago

Table of Contents

    • Register now for FREE unlimited access to Reuters.com
  • Register now for FREE unlimited access to Reuters.com


A pedestrian weariing a face mask walks past a storefront reading “Welcome Back!” as shoppers return to the Newmarket retail district in the wake of coronavirus disease (COVID-19) lockdown restrictions being eased in Auckland, New Zealand, November 10, 2021. REUTERS/Fiona Goodall

Register now for FREE unlimited access to Reuters.com

WELLINGTON, April 12 (Reuters) – New Zealand business confidence and demand worsened in the first quarter of this year due to the ongoing damage the COVID-19 outbreak is having on the economy, a private think tank said on Tuesday.

A net 40% of firms surveyed expected general business conditions to deteriorate compared with 28% pessimism in the previous quarter, the New Zealand Institute of Economic Research’s (NZIER) quarterly survey of business opinion (QSBO) showed.

On a seasonally adjusted basis, 33% expected business conditions to worsen, versus 35% pessimism recorded in the previous period. The survey’s measure of capacity utilisation rose to 97.1%, from the previous quarter’s 92.7%.

The manufacturing sector is the least pessimistic of the sectors survey but still face many challenges as Omicron’s spread impacts deliveries, NZIER said in its report.

A net 56% reported increased costs in the March quarter, it said. Overall, businesses are feeling more cautious in an environment of acute labour shortages and intense cost pressures, the report said.

Register now for FREE unlimited access to Reuters.com

Reporting by Lucy Craymer
Editing by Chris Reese and Sandra Maler

Our Standards: The Thomson Reuters Trust Principles.



Source link

Tags: "Ca Business Search, Amazon Business Login, Amazon Business Prime, Bank Of America Business Account, Best Business Schools, Business Attorney Near Me, Business Bank Account, Business Card Holder, Business Card Maker, Business Card Template, Business Cards Near Me, Business Casual Attire, Business Casual Shoes, Business Casual Woman, Business Plan Examples, Ca Sos Business Search, Capital One Business Credit Card, Chase Business Checking, Chase Business Credit Cards, Chase Business Customer Service, Chase Business Login", Chase Business Phone Number, Cheap Business Cards, Citizens Business Bank, Cox Business Login, Digital Business Card, Facebook Business Suite, Finance In Business, Free Business Cards, Google Business Login, Harvard Business School, Lands End Business, Massage Parlor Business Near Me, Michigan Business Entity Search, Mind Your Business, Mind Your Own Business, Ohio Business Search, Risky Business Costume, Skype For Business, Small Business Loan, Small Business Saturday 2021, Starting A Business, Texas Business Entity Search, Triumph Business Capital, Vending Machine Business, Verizon Business Customer Service, Vonage Business Login, Wells Fargo Business Account, Yahoo Small Business, Yahoo Small Business Login

Continue Reading

Previous Down payment demand complicates Egged sale
Next 23 Conversion Rate Optimization Tools for Research, Feedback, Analytics & More

Recent Posts

  • 25 Q&A to Test your Startup Idea to Qualify it
  • IBI raising $200m digital infrastructure fund
  • Covid Reshaped the Future of Small-Business Banking. What That Means for Your Company
  • Substack, the highly hyped newsletter platform, has ditched plans for a Series C – TechCrunch
  • Soros says BlackRock’s China investments likely to lose money – WSJ

Archives

  • May 2022
  • April 2022
  • March 2022
  • December 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • January 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • January 2017

Categories

  • business
  • business
  • business & finance
  • Essential Business
  • finance
  • general

visit now

my wholesale fashion
Intellifluence Trusted Blogger

backlinks

linkspanel

textlinks

bestwindshieldwipers2019.xyz © All rights reserved. | Magazine 7 by AF themes.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT