Matt Nolan

December quarter NZIER QSBO

/in /by

The NZIER December QSBO is out.  Ohhh dear …

Let’s just say that the domestic economy appears to have cooled rapidly in the December quarter – and businesses are running scared of the March quarter.

It does appear that there is more than a structural correction going on now – confidence, and as a result demand, have given way.

The labour market data will be key for determining whether the RBNZ cuts 100 basis points, or more …