Wednesday, 24th February, 2016

For the start of 2016 Auckland businesses are showing a strong mix of a positive outlook and expectations of more of the same for the New Zealand economy (83%), a similar result to the start of 2015. This trend was also reflected in the results for people’s own businesses (89%).

The business confidence survey conducted in February 2016 by Auckland Chamber of Commerce shows that for micro businesses and those with less than 10 employees, the biggest challenge is access to capital, for medium size business creating demand for products and services is key and for the larger companies the challenge is around capacity, including skills and production.

Auckland businesses are still having difficulty finding suitable employees, with more than 35% reporting that it is harder to find the skills needed.

Other results:

  • In  the next 3 months 19% of employers expect employee numbers to be up and 71 % expect full-time employee numbers to remain the same
  • 39% expect working hours to be up and 50% expect hours worked to remain the same.
  • 35% of respondents expect average costs to increase with profitability steady.
  • Increased sales in New Zealand are expected by 37% of businesses, and 20 % expect export sales to be up.

For more information contact Michael Barnett, mobile: 0275 631 150.

Michael Barnett, Chief Executive, Auckland Chamber of Commerce.