Chamber members expect rise in customer costs

Many businesses here are still worried about the impact of new or mooted compliance, infrastructure and labour laws, but others are gaining in confidence, says the Gisborne Chamber of Commerce.

“The latest Business Confidence survey for the Northern Region Chambers of Commerce shows that although confidence is still struggling within the business community, there has been a 5 percent lift in confidence for the first quarter of this year,” Gisborne chamber chief executive Terry Sheldrake said.

“The survey of nearly 1000 respondents across the top half of the North Island shows a net 24 percent said they expect general business conditions in New Zealand to deteriorate over the next six months, representing a 5 percent lift in confidence from the previous survey at the end of last year.

“This is a result that goes against the trend of other recent surveys.

Auckland’s business sector makes up the largest single cohort of this Northern region survey, Mr Sheldrake said. But he noted that Auckland Business Chamber CEO Michael Barnett, chairman of the Northern Region collective chambers of which Gisborne is a member, had suggested the result reflected the mix of businesses making up the chamber’s membership.

 The survey also clearly illustrated a frustration for businesses trying to employ talent, with close to half reporting difficulty finding skilled and specialist employees, Mr Sheldrake said.

It also asked businesses if the increase in the minimum wage would mean a price increase in their products or service.

“Forty percent indicated that it would mean an increase.”

Many businesses here are still worried about the impact of new or mooted compliance, infrastructure and labour laws, but others are gaining in confidence, says the Gisborne Chamber of Commerce.

“The latest Business Confidence survey for the Northern Region Chambers of Commerce shows that although confidence is still struggling within the business community, there has been a 5 percent lift in confidence for the first quarter of this year,” Gisborne chamber chief executive Terry Sheldrake said.

“The survey of nearly 1000 respondents across the top half of the North Island shows a net 24 percent said they expect general business conditions in New Zealand to deteriorate over the next six months, representing a 5 percent lift in confidence from the previous survey at the end of last year.

“This is a result that goes against the trend of other recent surveys.

Auckland’s business sector makes up the largest single cohort of this Northern region survey, Mr Sheldrake said. But he noted that Auckland Business Chamber CEO Michael Barnett, chairman of the Northern Region collective chambers of which Gisborne is a member, had suggested the result reflected the mix of businesses making up the chamber’s membership.

 The survey also clearly illustrated a frustration for businesses trying to employ talent, with close to half reporting difficulty finding skilled and specialist employees, Mr Sheldrake said.

It also asked businesses if the increase in the minimum wage would mean a price increase in their products or service.

“Forty percent indicated that it would mean an increase.”

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