Businesses continue to struggle with rising costs and low consumer confidence
Businesses continue to struggle with rising costs and low consumer confidence
24 July 2024
Retail NZ's latest quarterly survey shows almost 43-percent of businesses surveyed aren't sure they'll survive the next 12 months.
More than 70-percent didn't meet sales targets - most citing the cost of living as their biggest issue.
Chief Executive Carolyn Young says relief may not be far away - with inflation tracking down and an OCT cut now looking closer than earlier thought.
She says they want to get inflation between one and three percent, but also need consumer confidence to turn around.
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