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Wellington's bleak economy a 'national trend'

Author
Newstalk ZB Staff ,
Publish Date
Tue, 7 Jul 2015, 1:25PM
Manners St in Wellington (Edward Swift)
Manners St in Wellington (Edward Swift)

Wellington's bleak economy a 'national trend'

Author
Newstalk ZB Staff ,
Publish Date
Tue, 7 Jul 2015, 1:25PM

The outlook of Wellington businesses is getting bleaker, but apparently this is in line with what's happening around the country.

The Wellington Employers Chamber of Commerce data shows just 28% of businesses think the local economy will improve in the next 12 months.

That's down half a percent on last October.

Confidence in the national economy is also down, with 40% expecting things to improve.

WECC Chief Executive John Milford believes more than 45% of businesses remain confident in their own outlook however.

He said people tend to have a more positive view on things within their control.

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