Positioned to thrive: Business Canterbury Chief Executive Leeann Watson

Canterbury businesses are showing renewed optimism about the economy, following our latest Business Canterbury survey, which opened in the days following the first interest rate cut in four-and-a-half years.

This rise in confidence is a welcome sign for the business community and our local economy. We’re seeing quite a large improvement in expectations for both the Canterbury economy and individual business performance, with 53% of businesses expecting a stronger Canterbury economy over the next year, up from 26% last quarter.

These results are early indications that the recent drops in inflation and interest rates are having a positive impact on the business operating environment, despite ongoing challenges. Many businesses have experienced what felt like an elastic band economy over the past few years, but signs are pointing toward recovery.

Our quarterly survey results are highly valued by decision-makers here in Canterbury, and in Wellington, as they reflect the evolving challenges and opportunities in our region. To explore these findings further, head to our website (www.businesscanterbury.co.nz).

Looking ahead, we’re excited to launch the return of one of our most anticipated events, the Prime Minister’s Lunch, where we will host Christopher Luxon on Friday, 8 November, at the Air Force Museum of New Zealand.
It’s a must-attend event, so be sure to register early on the Eventbrite website to secure your seats.

Business Canterbury will continue to work alongside key decision-makers and keep the region informed on local business developments, ensuring Canterbury remains strong, connected, and positioned to thrive.