Here is another link and discussion about the NZIER survey. https://www.interest.co.nz/business/...ess-confidence
This must be quite worrying for the trio that form this Coalition and obviously the "manufacturing crisis" enquiry they held a few years ago didn´t teach them much about that indistry and probably was just a media beatup like so many other things that comes from them !
Particularly this bit :
" Manufacturers now most pessimistic
Although the downbeat mood was broad-based across sectors, manufacturers have overtaken retailers as the most pessimistic sector. Weaker demand and rising costs have seen manufacturing sector confidence fall sharply.
Rising cost pressures also weighed on building sector confidence, with over half of firms in the sector reporting higher costs. Building sector firms reported some softening in demand in the September quarter, but architects’ measure of work in their office points to a pick-up in the pipeline of residential and commercial construction over the coming year."