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Tony Alexander BNZ Economist Weekly Overview

From the desk of Tony Alexander BNZ Economist

‘Business Slightly More Cautious – But The Averages Hide Wide Disparities

We received evidence this week that the spike in concerns about world growth, wobbly sharemarkets, and renewed decline in dairy prices has dented the sentiment of the country’s business sector. A net 7% of respondents in the latest ANZ Business Outlook survey say that they feel optimistic about the economy in a year’s time. This is down from a net 23% in December and slightly below the ten year average reading for this measure of +10%. Thus caution prevails out there. Is it much denting intentions of hiring and investing however?…’

 follow the link for the full report; Tony Alexander Weekly Review 3rd march 2016

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