NZIER’s QSBO shows increased construction demand driving improved sentiment - Quarterly Survey of Business Opinion, January 2021

From nzier.org.nz

The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows a further improvement in business confidence in the final quarter of 2020, as businesses held onto the recovery in sales seen in September. A net 16 percent of businesses expect a deterioration in general economic conditions over the coming months, on a seasonally adjusted basis – lower than the 38 percent in the previous quarter, and well below the 68 percent of businesses feeling pessimistic in March 2020. When it comes to firms’ own trading activity, a net 1 percent reported reduced demand on a seasonally adjusted basis. This measure suggests a ... (full story)