Market Trends
The economic outlook for the next 12 months, from +700 business people.
Where are we going?
With the election around the corner, there’s been a lot of chatter.
So, we surveyed the market to get their steer on:
- The talent market
- Hiring and retentions plans
- The general outlook for NZ business.
Of the +700 respondents, here are some of the key findings around their economic outlook for the next 12 months.
It’s a game of wait & see
36% of respondents took a neutral stance.
Suggesting an uncertain or ‘wait-and-see’ approach – and, considering the upcoming election, this isn’t too surprising.
Optimism in the prevailing winds.
Most respondents (nearly 40%) were either somewhat or very optimistic about the next 12 months.
This suggests that despite the uncertainty, there’s a more positive than negative sentiment simmering out there.
Small but mighty
What was encouraging was the optimism among SME businesses.
Those in the 10-20 and 21-50 employee range registered an optimism level 8-12% higher than the average.
What the Buck?!
Stay tuned for our upcoming Market Snapshot & Salary Update ‘What the Buck?!’ out mid-October 2023.
It plunges deeper into these figures and provides tips for navigating the next 12 months.
Available in hard copy only. For a copy, please email info@consult.co.nz to get on the list.
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Get our latest What the Buck? Market Snapshot & Salary Report.
What the Buck? is proprietary research we run once a year. It’s fresh, NZ-specific and built to help businesses and professionals understand the job market and make better hiring and career decisions.
