QSBO rings some alarm bells

Consistent with our expectations of accelerating economic growth, the latest Quarterly Survey of Business Opinion from the NZIER showed that firms’ experience of domestic trading activity over the last three months was at its highest in 14 years. The lift was broad-based across all industries. Another major positive to come out of the September quarter QSBO was profitability, which was at its highest level in 13 years, while profitability expectations for the coming quarter have not been better since 1999.