---
title: NZIER’s QSBO shows a pick-up in business confidence as concerns over the fuel crisis ease, Quarterly Survey of Business Opinion – July 2026
description: The latest NZIER Quarterly Survey of Business Opinion showed a recovery in business confidence in the June quarter.
---

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# [NZIER’s QSBO shows a pick-up in business confidence as concerns over the fuel crisis ease, Quarterly Survey of Business Opinion – July 2026](https://www.nzier.org.nz/news/nziers-qsbo-shows-a-pick-up-in-business-confidence-as-concerns-over-the-fuel-crisis-ease-quarterly-survey-of-business-opinion-july-2026)

 Written by [The NZIER Team](https://www.nzier.org.nz/news/author/the-nzier-team) | July 13, 2026

The latest NZIER *Quarterly Survey of Business Opinion* showed a recovery in business confidence in the June quarter, with a net 12 percent of firms expecting an improvement in general economic conditions over the coming months, on a seasonally adjusted basis. This was a pick-up from the net 1 percent expecting a better general economic outlook in the previous quarterly survey, which was undertaken shortly after the onset of the US-Israel-Iran war that boosted fuel prices. Meanwhile, demand in firms’ own business was broadly flat, with only a net 1 percent of firms reporting increased activity in the June quarter on a seasonally adjusted basis.

[View full post](https://www.nzier.org.nz/news/nziers-qsbo-shows-a-pick-up-in-business-confidence-as-concerns-over-the-fuel-crisis-ease-quarterly-survey-of-business-opinion-july-2026)

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