NZ: Business confidence notable by near absence

Was it last month that business confidence was ‘up’ and New Zealand was immune to any economic downturn (thanks, of course to the RWC, China and the Christchurch earthquake)?


Remember THIS back in July?

Otago Daily Times

11 October, 2011

Business confidence has all but disappeared, barely remaining in positive territory, according to the latest BNZ Confidence Survey.

Confidence has slumped to a net 6.9% expecting an improvement in the economy, down from 36.3% in September.

BNZ chief economist Tony Alexander said the latest result was the lowest since immediately after the earthquake on February 22 and continued a downward trend in place since the record level of sentiment (56.5%) recorded in June.

For article GO HERE


and...

Inflation hits low income earners hard - economist

Most of us don’t need an economist, even if he is Bill Rosenberg to tell us this.

TVNZ

The latest review of the price of goods used to measure inflation shows low income people are being hardest hit, according to a leading union economist.

For article GO HERE