Beehive Uncertainty and Posturing Big Factors in Business Confidence Drop

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The NZIER Survey,

National's comment, 

and different views by ANZ and Kiwibank economists. 

See also NZ Herald's Mood of the Boardroom survey

and Government's R&D Business Tax incentive

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The latest  quarterly NZ Institute of Economic Research (NZIER) business survey confirms earlier polls by other pollsters that business confidence -- in the general economy and in the firm's own expected activity-- has declined.  Just over ¼ of businesses expect worse conditions, the worst since 2009. and only 1% reported higher demand.

"We found Government policy, labour costs, consumer confidence, availability of labour and operating margins were the key considerations for businesses when it came to an assessment of general economic conditions."