NZIER Quarterly Survey of Business Opinion, Q2 2021

As per the latest Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute of Economic Research (NZIER), for the Q2 2021, 60% of financial services sector firms expect interest rates to rise over coming year.

Additional details…

New Zealand Q2 Acutal Business Confidence 7.0% versus -13% in previous quarter.

Capacity Utilisation 94.9% vs 93.3 pct in pvs qtr -nzier 06-jul-2021 03:30:00 - inflation pressures rising; 60% of financial services sector firms expect interest rates to rise over coming year.

Ahead of the QSBO release, the Australia and New Zealand Banking Group (ANZ) said,

We’re forecasting annual GDP growth of 15.3% in Q2, but with growth so far out of whack with typical ranges, getting precise with what today’s data imply for GDP growth will be a challenge.

Market reaction…

NZD/USD remains unfazed around 0.7025 following the release.