Cogito, ergo sum. I think, therefore I am. (René Descartes, mathematician and philosopher,1599-1650)
Showing posts with label Carolyn Luey. Show all posts
Showing posts with label Carolyn Luey. Show all posts

Wednesday, 31 October 2018

How Much is Government the Cause of the Fall of Business Confidence?

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.