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Text Content

 * About
   * * * ABOUT US
         * What is the Chamber?
         * Who is the Team?
         * Board of Directors
         * AGM
         * Room Hire
         * Certificates of Origin
     * * LOCAL IMPACT
         * Business Confidence Surveys
         * Submissions
         * Advocacy
     * 
 * Become a Member
   * * * JOIN US
         * Reasons to Join
         * Members Marketplace
         * Nationwide Deals for Chamber Members
         * Room Hire
 * Members & Partners
   * * * INFORMATION FOR MEMBERS
         * Member Services & Benefits
         * Standard Membership Package
         * Membership Terms & Conditions
         * Run a Workshop or Training Event with us
         * Room Hire
     * * MEMBERS PLACE
         * Members Directory
         * Members Marketplace
         * Member News
         * Nationwide Deals for Chamber Members
     * * PARTNERSHIPS
         * Platinum Partnerships
         * Gold Partnerships
         * Silver Partnerships
         * Bronze Partnerships
   * * 
 * Events & Training
   * * * UPCOMING EVENTS
         * BNZ Technology & Innovation Series | Wool, Aircraft, & Measurements
         * Digital Workshop | Success in Social Marketing Upper Hutt | Synthesis
           Marketing
       * WELLINGTON REGIONAL BUSINESS EXCELLENCE AWARDS
         * 2degrees Wellington Regional Business Excellence Awards 2023
         * 2degrees Wellington Regional Business Excellence Awards Winners 2022
         * 2degrees Wellington Regional Business Excellence Awards Finalists
           2022
     * * TRAINING EVENTS
         * FREE NZQA Qualifications
         * Run a Workshop or Training Programme with us
   * * 
     * 
 * Programmes
   * * * 2023 PROGRAMMES
         * Connecting the Valley
         * COVID-19 Support & Recovery
         * Education to Employment
         * Labour Shortages
         * Manufacturing & Technology
         * RiverLink
         * Transport & Infrastructure
   * * 
 * Education to Employment
   * * * FOR EMPLOYERS
         * Funding Options For Employers
         * Education to Employment Coordination Service
         * Career Expos, Talks & Mentoring
         * Work Experience
         * Apprenticeship Info
         * Advertise Your Student Vacancy
     * * FOR STUDENTS
         * Apprenticeships
         * Career Videos (People in the Job)
         * CV Support
         * StudyLink Information
         * Work Experience
     * * FOR PARENTS
         * Apprenticeships
         * Understanding NCEA
 * News
   * Hutt Valley Business Weekly - Latest News
   * Business Confidence Surveys
   * Business Stories
   * Hear from our Partners
   * Hear from our Members
   * Submissions
   * Media Releases
 * Contact
 * Current Vacancies




✕


HUTT VALLEY CHAMBER OF COMMERCE QUARTERLY BUSINESS CONFIDENCE SURVEY, SPONSORED
BY BRONZE PARTNER, RED HOT BUSINESS COACHING & CONSULTING

DON’T GO IT ALONE

If you’ve ever been curious about having someone on the outside help you with
your business – there has never been a better time than this current Covid
environment. Find out more about our Bronze Partners, Red Hot Business Coaching
& Consulting, here.

DON’T GO IT ALONE

If you’ve ever been curious about having someone on the outside help you with
your business – there has never been a better time than this current Covid
environment. Find out more about our Bronze Partners, Red Hot Business Coaching
& Consulting, here.





BUSINESS CONFIDENCE QUICK SURVEY REPORT – JULY 2023

The Hutt Valley Chamber of Commerce completed this Business Confidence Survey in
July 2023.

The survey was completed with the support of Bronze Partner, Red Hot Business
Coaching & Consultancy.


KEY FINDINGS – JULY 2023 BUSINESS CONFIDENCE SURVEY

The overall picture from this survey is that there is a continuing ‘Cost of
doing business crisis’ with over 85% of businesses expecting that the cost of
doing business will be ‘Much More or Somewhat More’ expensive over the next 6
months. This is an increase of nearly 7% compared to March 2023 and a 12.5%
increase from January 2023.

For the first time in about 2 years, we have seen a slow down in the immediate
need for staff with only 38.1% of businesses saying that they are experiencing
issues with filling staff vacancies in their business. This is 15.1% change from
March 23 when over 50% of businesses were experiencing issues in recruiting
staff. We would suggest that this is a direct result of businesses feeling the
impact of higher costs and the economic slowdown.

Planning is key for any business and it would appear that planning ahead has
been a key activity for Hutt Valley businesses, with 84.2% of businesses having
planned and already factored the change in economic situation to their business
decisions or have made no change to their approach to their business planning.
This indicates that most businesses have been working hard to be ready for this
current economic situation.

There are some factors which are a continued trend from previous surveys. These
include:

 * 9% of businesses indicated that they are you expecting to need to recruit
   staff in the next 12 months. Whilst this is down slightly from the high
   experienced in March 2023 (at 68.75%) it does suggest that there is still
   demand for staff as businesses start to consider the next 12 months.
 * There is a continued business sentiment for ‘their business’ in the 3-month
   and 12-month outlook with businesses expecting that things will be 17.7% and
   8.62% ‘Somewhat Better or Much Better’ respectively.

One other area of positive outlook is an overall increase in the business
sentiment for ‘New Zealand’ in the 3-month, 6-month, and 12-month outlook with
businesses expecting that things will be 5%, 11.8% and 15% ‘Somewhat Better or
Much Better’ respectively when compared to March 2023. Most of this sentiment
has changed from businesses feeling New Zealand will be ‘Much Worse of Somewhat
Worse’.

Read the Full Report









Contact Hutt Valley Chamber of Commerce

EMAIL: support@hvchamber.org.nz
PHONE: 04 939 9821
ADDRESS: 15 Daly Street, Level 3, DSV House, Lower Hutt 5010
JOIN US on Facebook
JOIN US on LinkedIn
JOIN US ON Instagram
SEE US on YouTube

Hutt Valley COVID-19 Business Support Group

JOIN US on Facebook

This is a place for Hutt Valley businesses to share, collaborate and stay up to
date with current information and policy. This site is managed jointly by the
Hutt Valley Chamber of Commerce, Hutt City Council and Upper Hutt City Council.

       

HuttValleyNZ is another useful reference site providing local information, set
up and managed by Hutt City Council.

© 2023 Hutt Valley Chamber of Commerce. All Rights Reserved.
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