■ Cogito, ergo sum. I think, therefore I am. (René Descartes, mathematician and philosopher,1599-1650)
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| False because either-or is not the only choice pn152 |
Despite New Zealand's relatively healthy growth and prospects (subject, of course, to international events over which we have no control) business confidence continues to fall.
Business confidence, of course, is only one economic indicator —and a not very robust one at that— of how the economy is faring, and likely to fare over the next 12 months.
But the latest MYOB Business Monitor Snapshot poll (412 interviewed) of small to mid-sized businesses shows a sharp slump in both general confidence and - more worryingly - actual revenue, with petrol costs standing out as the biggest concern, with taxes and the minimum wage.
MYOB general manager Carolyn Luey said that while this was concerning business operators were not panicking.
The ANZ Business Confidence survey -- more properly called the ANZ Business Outlook survey -- has become something of a regular political football since Labour-Coalition formed the Government in September last year. But few using its results, generally to support their political position, ask about
the methodology used and whether the information can be considered useful and reliable.**
