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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 4 September 2020

While noting the 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, closed 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 community transmission in Auckland, which resulted in a second phase of Level 3 lockdown in the Auckland region with the remainder of New Zealand in Level 2. The latest update indicates 115 active cases of COVID-19. All cases are currently linked to the Auckland cluster or in managed quarantine, however the risk of nationwide, uncontrolled community transmission remains.

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.

Download the full report here

Te Waka Economic Radar 4 September 2020

While noting the 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, closed 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 community transmission in Auckland, which resulted in a second phase of Level 3 lockdown in the Auckland region with the remainder of New Zealand in Level 2. The latest update indicates 115 active cases of COVID-19. All cases are currently linked to the Auckland cluster or in managed quarantine, however the risk of nationwide, uncontrolled community transmission remains.

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.

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.