About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds
 
Support our sponsors:
sharemarket
NZX 50 Index 3324.67 9.50
S&P/ASX 200 4290.70 16.50
Dow Jones Industrials 12878.20 33.10

Mid-sized New Zealand businesses move on from survival mode; road ahead may still be bumpy

Tuesday 9th March 2010

Text too small?

New Zealand’s mid-range business sector is showing encouraging signs of increased activity as the economy emerges out of the recession, according to an ANZ survey.

“Last year’s survey showed business owners were doing the hard yards to make sure their business survived the downturn,” ANZ managing director, commercial New Zealand, Graham Turley said.

“With many now looking for an export-led recovery, this year’s survey also investigates the issues accompanying international expansion. We are definitely seeing businesses move out of survival mode and while they’re not rushing into decisions, our experience on the ground is that they are growing more confident around investment and growth plans.”

The ANZ Privately Owned Business Barometer, now in its fourth year, targets businesses with a $5 - $150 million turnover and explores their views on economic activity and plans for growth.

“There are still question marks over the pace of the recovery,” Turley said. “Weak credit growth domestically and globally, pressure on some countries to pay off their sovereign debt and structural changes suggest there may still be a bumpy ride ahead.”

 

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
Bookmark and Share   Printable version
Related News

Austar United Communications
NZ Experience slashes 1H profit guidance in half
GPG sells Australian food assets to Mariner for A$3.2 mln
Nosh's $1-a-litre milk "a great gimmick" says Foodstuffs
Govt lifts minimum wage 50 cts to $13.50 an hour
Harvard's NZ dairy farm unit, posts FY profit
Lower tax rate no "silver bullet" for more foreign investment
Richard Chandler backs ASX-listed Gunns
Tower considers returning capital to shareholders
DNZ sells in Wellington, buys in Auckland

 
Previous News
FREE Email News
Breaking News 
After the Bell (daily) 

Unsubscribe/Update »

RSS feeds »
Twitter »
Facebook »

Stock Quote

Exchange: Stock Code:

Don't know the stock code? Search by keyword:

Today's Market Numbers
NZX 50 Index 3324.67 9.50
S&P/ASX 200 4290.70 16.50
Dow Jones Industrials 12878.20 33.10
Most Commented On
  forex centre
cfd centre
options centre
NZX 15 Index
AIA 2.50 0.04
ANO 0.88 0.00
CEN 4.77 -0.03
CNU 3.32 0.02
FBU 6.62 0.07
FPH 2.12 -0.01
GMT 1.02 -0.01
IFT 1.87 0.00
KIP 1.05 -0.01
MFT 10.00 0.11
RYM 2.81 -0.02
SKC 3.50 0.03
SKT 5.18 -0.09
TEL 2.15 0.01
VCT 2.61 -0.01

More market prices »

© Copyright 2012 Investment Research Group Ltd. All Rights Reserved.