QSBO NZ business confidence Q2 2025: 22% (prior 19%)

Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute of Economic Research (NZIER).

Full text is here: NZIER’s QSBO shows real activity remaining weak despite improved confidence

Highlights:

• Economic outlook expectations:

  A seasonally adjusted net 27% of businesses expect economic conditions to improve in the coming months, up from 23% in the March quarter — indicating growing optimism.

• Divergence between current conditions and future expectations:

  There remains a clear split between businesses facing current weak demand and those anticipating a pickup ahead.

• In the June quarter, a net 23% of firms reported a decline in their own trading activity, yet a net 18% expect demand to improve over the next quarter.

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NZD update:

This article was written by Eamonn Sheridan at www.forexlive.com.