HR Quarterly Index Reports Are In..
Small to medium businesses are certainly struggling with their
confidence levels, with a sharp drop after last quarters high level.
The uncertainty of the election played havoc with the perceived inability to finance capital projects reflecting the wider market, not just for SME's. It's certainly not all bad with expectations for the current quarter being far more positive, especially in relation to sales and profitability!
Within the top 3 issues, the main barrier and key issue to taking on staff returns as the lack of work and sales for the small to medium business sector.
For the New Zealand Market, Business Confidence returned to that status quo for the third quarter. Showing that confidence levels rising in December 2018 were an abnormality rather
than a righting of the ship.
Unemployment expectations kicked significantly due the seasonal nature of New Zealand's employment, although this is still more significant than normal. The current rate of unemployment does not match these expectations, with a current unemployment rate of just 4.20%.
The reduction in the financing ability may have substantial impacts in the future as capital projects reduce due to the funding squeeze.
To read more and get your own copy of the March 2019 HR Quarterly Index Reports click below to download.