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Te Waka Business Sentiment Survey

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Waikato Sentiment Survey Results
September 2020

The survey of 589 Waikato business owners and managers has found that while overall economic sentiment is pessimistic, Waikato businesses are more optimistic about Waikato and sector performance than they are about the New Zealand economy as a whole.

This optimism is demonstrated by businesses signalling they are actively recruiting new staff, despite an environment of skill shortages and overall sales sitting below 2019 levels.  Businesses’ lack of planning for future scenarios, however, is of concern. 

Download the survey results for Waikato below

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Te Waka Economic Radar 7 August 2020

Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy.

Charts in today’s Radar summarise statistics and data released over the last four weeks.

Due to COVID-19’s relatively stable nature in NZ and to account for various data sources’ schedules of releasing data, we will continue to publish Economic Radars on a monthly basis.

Reports are to be released on the first Friday of each month, our next report due 4 September.

While noting general stabilisation of trends, there remains uncertainty surrounding:

1. How New Zealand and the Waikato region will respond to the end of the wage subsidy scheme, set to close 1 September 2020.

2. International Markets – many countries’ health and economic challenges relating to COVID-19 are still developing / at a relatively early stage.

3. COVID-19 Free NZ – Over the past four weeks, NZ has had 36 new cases of COVID-19. All cases are currently contained under quarantine, but there is always a risk that community transmission may re-emerge.

4. Post Government Survival Investment Stability – Central Government has invested in a number of initiatives to support business survival. Uncertainty remains around the long-term impact/effectiveness of these initiatives.

We will continue to expand our monitoring and measures as we scan for signs of trouble, stabilisation, or sparks of life.

Download the full report here

Te Waka Economic Radar 7 August 2020

Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy.

Charts in today’s Radar summarise statistics and data released over the last four weeks.

Due to COVID-19’s relatively stable nature in NZ and to account for various data sources’ schedules of releasing data, we will continue to publish Economic Radars on a monthly basis.

Reports are to be released on the first Friday of each month, our next report due 4 September.

While noting general stabilisation of trends, there remains uncertainty surrounding:

1. How New Zealand and the Waikato region will respond to the end of the wage subsidy scheme, set to close 1 September 2020.

2. International Markets – many countries’ health and economic challenges relating to COVID-19 are still developing / at a relatively early stage.

3. COVID-19 Free NZ – Over the past four weeks, NZ has had 36 new cases of COVID-19. All cases are currently contained under quarantine, but there is always a risk that community transmission may re-emerge.

4. Post Government Survival Investment Stability – Central Government has invested in a number of initiatives to support business survival. Uncertainty remains around the long-term impact/effectiveness of these initiatives.

We will continue to expand our monitoring and measures as we scan for signs of trouble, stabilisation, or sparks of life.

Download the full report here

The next Waikato Business Sentiment Survey will take place in February 2021, please sign up to our database to ensure you can provide your feedback.

Here at Te Waka, we are wanting to understand the sentiment of Waikato businesses in the current environment.


 We want to understand the sentiment of Waikato businesses in the current environment. This will help us to develop support programmes and services that our business community may require to survive, revive and grow.
 
To do this, we would love it if you could take part and provide your valuable business insights.
 
Your responses are confidential and the results of this survey will only be used at a grouped level.
 
Please note that we are collaborating with our other Waikato partnership agencies to reach as many Waikato businesses as possible so you may receive an invite to join this survey more than once.