More than a third of New Zealand small and medium-sized
enterprises (SMEs) feel their business has improved and the
economy is moving ahead, but they are still reluctant to
invest in or grow their business.
The New Zealand residential construction market has worked
itself back to mid-cycle activity levels after the deepest
trough in more than 50 years. Forsyth Barr broker Andrew
Rooney tells business editor Dene Mackenzie there is scope
for building consents issued to increase.
The Reserve Bank is ruling out any increase in its official
cash rate, which will be a relief to exporters and those who
are battling a high dollar driven by this country's high
interest rates compared with Australia's.