Business Confidence stories
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Confidence in finances, job security, and opportunities remains low among Australian professionals amid the ongoing COVID-19 crisis, LinkedIn data reveals.
The 2022 MYOB Business Monitor survey has found more than two thirds of SMEs are expecting the economy to decline in the next 12 months.
New Zealand’s office, retail and industrial markets are expected to mirror Australia as Omicron peaks and border openings reshape demand.
Mortgage activity has slumped as tighter lending and higher rates cool demand, with CoreLogic warning house prices may fall further.
Property deals are being slowed by fresh restrictions, but Colliers expects demand to recover quickly once alert levels ease.
Recruitment bottlenecks and border rules are threatening delivery of New Zealand's NZ$10.1 billion infrastructure pipeline.
Most New Zealand firms are still staying put, with 82.6% not planning business trips to Australia and 87.8% ruling out job moves there.
Short-term pain from Covid-19 and delayed projects is being offset by record infrastructure spending, with many contractors still hiring.
Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.
Strong Asian demand kept dairy, meat and horticulture afloat, lifting New Zealand's land-based exports by nearly GBP £500 million year-to-date.
Investor activity may stay buoyant through the 2020 election, with Colliers saying housing policy shifts have usually had only a limited effect.
Delayed project details are leaving construction firms unable to plan, risking job losses as ministers drip-feed a $2.6 billion infrastructure package.
House prices and sales could weaken in September unless the Government extends mortgage deferrals as the wage subsidy ends and election looms.
With only a fifth of NZD$2.6 billion in promised projects released, contractors warn delays are already forcing layoffs and weakening confidence.
New Zealand commercial rents and capital values are expected to keep falling as occupiers and investors stay cautious amid coronavirus uncertainty.
Small firms face months of cashflow pain as the wages subsidy runs thin and landlords and utilities keep billing during lockdown.
Retailers, couriers and cafes could see demand rebound sharply, with most New Zealand adults expecting to return once restrictions ease.
Billions in COVID-19 spending could be used to unlock projects, create jobs and speed New Zealand’s economic recovery, Infrastructure NZ says.
Economic worries are deepening as COVID-19 threatens recession, job losses and delayed launches across New Zealand's fintech sector.