Auckland Business Chamber chief executive Simon Bridges Photo: RNZ / Samuel Rillstone
Auckland business confidence is negative though improved slightly, according to the latest survey of members by the Auckland Business Chamber.
The February survey found 44 percent of businesses reporting negative sentiment, compared with 45 percent in previous survey in November.
"Business confidence has improved slightly, with fewer businesses reporting negative sentiment," Auckland Business Chamber chief executive Simon Bridges said.
"While inflation concerns are lower than August's peak of 43 percent, cost pressures remain a significant issue."
About three quarters of businesses (76%) expected costs to rise over the next 12 months, with 60 percent having raised prices or planning to do so.
"Looking ahead, global uncertainties persist, with trade and geopolitical risks continuing to affect businesses. Alongside these, domestic economic performance will continue to shape business conditions well into 2025," he said.
Top business concerns
- 1 Consumer confidence and demand: 53%, down from 61%.
- 2 Productivity and growth: 40%, down from 41%.
- 3 Cash flow: 35%, down from 38%.
- 4 International trade and geopolitical risks: 27% -unchanged.
- 5 Inflationary pressure and interest rates: 27%, up from 22%.
- 6 Increased compliance: 20%, down from 23%.
