Although it’s not a bad as it was before Christmas, New Zealand’s business owners are still largely pessimistic according to BNZ chief economist Tony Alexander. How do you feel?
In his monthly BNZ business confidence survey for February, Alexander found a net 65% of respondents expect economic conditions to worsen. It sounds grim, but in December the same survey reported a net 73% of pessimists.
One of the most interesting things about the BNZ survey is the way it asks respondents to make a few comments on their industry sector. For example, Alexander notes the overall IT sector shows mild signs of weakness but there’s still a lot of activity around.
Here are two individual responses:
* “We have been busy over the last few weeks and are looking forward to the rest of the year.”
* “Industry specialist software (sales, support and development) - The last two months have been more than a little quiet. Unusually very silent as far as activity from prospective customers. Just recently spoke to another specialist software company (different software specialty - same target audience) they had noticed (in the same time period) a disturbing quiet in the market and they were talking about the Australian and New Zealand markets. These are large ticket software purchases and a quiet time now can lead to (if quiet period extended) difficult times for our companies in 18 months.”
You can download the full survey from the BNZ site (though the latest survey wasn't available at the time of writing, you can read recent ones.)
But what are things like in the IT Channel? We’d like to hear from readers. If we get enough responses we’ll publish our results and any pertinent comments. Please send an email to Bill Bennett with "optimistic" or "pessimistic" in the subject line. If you wish to make comments, put these in the body.