All signs are pointing towards inflation going up as the Middle East conflict causes business confidence to plummet. 

ANZ's latest Business Outlook survey shows most firms expect costs to increase as economic insecurity sets in. 

Most anticipate they'll raise prices in the next three months.

Retail and construction had the sharpest slides in confidence. 

Auckland Business Chamber Chief Executive Simon Bridges told Ryan Bridge after the tariffs last year, this feels like a sense of deja vu.

He says this survey was from early days of the war - so things will likely get worse.

LISTEN ABOVE

All signs are pointing towards inflation going up as the Middle East conflict causes business confidence to plummet.&nbsp;
ANZ's latest Business Outlook survey shows most firms expect costs to increase as economic insecurity sets in.&nbsp;
Most anticipate they'll raise prices in the next three months.
Retail and construction had the sharpest slides in confidence.&nbsp;
Auckland Business Chamber Chief Executive Simon Bridges told Ryan Bridge after the tariffs last year, this feels like a sense of deja vu.
He says this survey was from early days of the war - so things will likely get worse.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Simon Bridges: Auckland Business Chamber Chief Executive on business confidence slumping amid oil shock

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7934472d-b5f8-4e85-8191-b41e011dffce/transcript