NZIER’s QSBO shows a cut-back in optimism amongst businesses, Quarterly Survey of Business Opinion - October 2025

The latest NZIER Quarterly Survey of Business Opinion  showed a drop in business confidence in the September quarter. A net 15 percent of firms expect an improvement in general economic conditions over the coming months on a seasonally adjusted basis. While the sentiment was positive, this was a decline from the net 26 percent expecting an improvement in the June quarter.