NZIER’s QSBO shows a strong rebound in confidence as recovery starts to gain traction

The latest NZIER Quarterly Survey of Business Opinion showed a strong lift in business confidence in the final quarter of 2025. A net 39 percent of firms expect better general economic conditions over the coming months on a seasonally adjusted basis. This was a substantial increase from the net 17 percent expecting an improved general economic outlook in the September quarter, and business confidence is at the highest level since March 2014.