Business confidence has improved, after a pick-up in demand
Business confidence has improved, after a pick-up in demand
21 October 2020
NZIER's latest survey shows a net one percent of businesses reported an increase in trading activity.
That's up from a net 37 percent decline in the previous quarter.
NZIER says businesses are still feeling downbeat, but pessimism is reducing.
Nearly 40 percent expect a deterioration in economic conditions in coming months, down from almost 60 percent.
The survey captured the effects of Covid-19 community cases on August 11, which caused a lift in alert levels.
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