The NZIER Quarterly Survey of Business Opinion (QSBO) is a closely watched NZ economic indicator

From the New Zealand Institute of Economic Research

  • Q3 business confidence drops to -11% vs +7% in Q3.
  • Q3 capacity utilisation is 96.1% vs. 94.9% in Q2

In summary:

  • net 8% of businesses expect a deterioration in general economic conditions over the coming months – a turnaround from the net 9% expecting an improvement in the previous quarter
  • weakening in sentiment was despite demand remaining solid, with a net 29% of businesses reporting an increase in their own trading activity in the September quarter.

Survey conducted August 2 to 27 September.


The full report is only available to NZIER members, but the organisation has provided a summary here.

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