Rates hikes tipped after survey

Wednesday 14 July 2004

Economic researchers and at least one leading economist say hikes in official interest rates are even more likely following the latest survey of business confidence.

By The Landlord

The New Zealand Institute of Economic Research (NZIER) has found business confidence improved slightly in the June quarter but businesses remain gloomy.

A net 20% of those surveyed believed business conditions will worsen over the next six months, compared with the previous survey's net 29% of firms expecting a deterioration.

In seasonally-adjusted terms, a net 18% expected conditions to worsen compared with a net 32% expecting conditions to worsen in the first quarter.

The recovery in confidence was seen in all sectors apart from construction, where it dipped noticeably from the March survey to negative 21% from 8%, and was most noticeable in the South Island.

Read More - Opens in a new window
Commenting is closed

Property News

Collaboration key to urban development

Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.


LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer