1 00:00:00,120 --> 00:00:02,680 Speaker 1: It looks like Auckland businesses are turning a corner with 2 00:00:02,759 --> 00:00:06,360 Speaker 1: confidence on the up. Negative confidence ratings have fallen twenty points. 3 00:00:06,360 --> 00:00:08,840 Speaker 1: They are now at forty four. Forty four percent. More 4 00:00:08,880 --> 00:00:11,160 Speaker 1: than half of them expect the New Zealand economy to improve. 5 00:00:11,160 --> 00:00:14,240 Speaker 1: In Simon Bridges, the Auckland Business Chamber chief executives with 6 00:00:14,320 --> 00:00:15,400 Speaker 1: us Allo Simon. 7 00:00:15,560 --> 00:00:17,599 Speaker 2: Hi evening here that so, I mean these numbers are 8 00:00:17,600 --> 00:00:18,040 Speaker 2: god a like. 9 00:00:18,079 --> 00:00:20,400 Speaker 1: You've got negative confidence going from sixty four down to 10 00:00:20,440 --> 00:00:23,520 Speaker 1: forty four. You've got neutral sentiment climbing up twelve points, 11 00:00:24,079 --> 00:00:26,840 Speaker 1: however many to thirty nine. You've got fifty four percent 12 00:00:27,560 --> 00:00:29,760 Speaker 1: of them now saying that the New Zealand economy is 13 00:00:29,760 --> 00:00:31,560 Speaker 1: going to improve. That's the one that's up twelve points. 14 00:00:31,640 --> 00:00:32,360 Speaker 1: What's caused this? 15 00:00:33,560 --> 00:00:35,360 Speaker 2: Yeah, I look, I think they are good. I think 16 00:00:35,800 --> 00:00:38,360 Speaker 2: you know, it's no rockstar economy, no one's saying that. 17 00:00:38,400 --> 00:00:40,519 Speaker 2: But I think what you're seeing is future sort of 18 00:00:40,560 --> 00:00:43,879 Speaker 2: beliefs and intentions from business people in Auckland, and the 19 00:00:43,920 --> 00:00:46,919 Speaker 2: economy is that it's looking better. And I suppose you say, well, 20 00:00:46,960 --> 00:00:50,000 Speaker 2: what's causing that? I mean it's fundamentals, isn't it. I mean, 21 00:00:50,720 --> 00:00:53,280 Speaker 2: you've got around the rest of the country. Farmers with 22 00:00:53,760 --> 00:00:59,240 Speaker 2: a big payout from Fonterra, record price as a low dollar, 23 00:00:59,320 --> 00:01:01,440 Speaker 2: So that's sort of at a level, got to start 24 00:01:01,480 --> 00:01:05,000 Speaker 2: filtering through. You've got the ocr coming down. It's gone 25 00:01:05,000 --> 00:01:06,920 Speaker 2: from being a tough gig to being you know, quite 26 00:01:06,959 --> 00:01:10,160 Speaker 2: stimulatory on the economy. And I think they can just see, 27 00:01:10,200 --> 00:01:11,920 Speaker 2: you know, whether it's some of the stuff the government 28 00:01:11,959 --> 00:01:13,360 Speaker 2: has been doing, or I think they've picked up the 29 00:01:13,400 --> 00:01:16,759 Speaker 2: pace a bit on their policy instead of other initiatives. 30 00:01:16,760 --> 00:01:20,800 Speaker 2: For Auckland, it's just starting to feel a bit better 31 00:01:20,840 --> 00:01:23,360 Speaker 2: and they can see that over the next year it 32 00:01:23,760 --> 00:01:25,640 Speaker 2: is going to get a bit better. So, you know, 33 00:01:25,760 --> 00:01:28,319 Speaker 2: some of the numbers right now they're still not great. 34 00:01:28,440 --> 00:01:31,119 Speaker 2: But as I say forward intentions, you know, a clear 35 00:01:31,200 --> 00:01:33,880 Speaker 2: majority see the economy improving over the next year. They 36 00:01:33,920 --> 00:01:36,000 Speaker 2: see revenue up over the next year. They're going to 37 00:01:36,000 --> 00:01:37,640 Speaker 2: make more investment over the next year. 38 00:01:37,720 --> 00:01:39,720 Speaker 1: What are the things that are still concerning. 39 00:01:39,280 --> 00:01:42,720 Speaker 2: Them though, Oh well, there's definitely things that consume them. Look, 40 00:01:42,760 --> 00:01:46,560 Speaker 2: it's a sense of lack of demand, of consumer sentiment 41 00:01:46,760 --> 00:01:52,120 Speaker 2: that that's still pretty poor. It's stuff around productivy and growth. 42 00:01:52,120 --> 00:01:55,080 Speaker 2: They're not sort of seeing that years it's their own 43 00:01:55,160 --> 00:01:58,200 Speaker 2: cash flow, it's their own ability to pay you off 44 00:01:58,240 --> 00:02:00,680 Speaker 2: the back of that kind of lack of consumer confidence 45 00:02:00,800 --> 00:02:04,280 Speaker 2: and lack of growth. And then it's down the list 46 00:02:04,280 --> 00:02:07,160 Speaker 2: a little, but it's still inflation that's there. It's still 47 00:02:07,200 --> 00:02:09,280 Speaker 2: a sense that the world in terms of trade and 48 00:02:09,320 --> 00:02:10,800 Speaker 2: geopolitics is pretty tough. 49 00:02:11,240 --> 00:02:13,600 Speaker 1: What's your feeling do you think that next year is 50 00:02:13,600 --> 00:02:16,160 Speaker 1: going to be a rawer? You know, come, let's say 51 00:02:16,160 --> 00:02:18,680 Speaker 1: election time next year. Are we going to be absolutely 52 00:02:18,760 --> 00:02:20,480 Speaker 1: going for it or is it still going to be 53 00:02:20,480 --> 00:02:21,120 Speaker 1: a hard grind? 54 00:02:21,520 --> 00:02:24,720 Speaker 2: Well, I've written a terrific column on this Afrano Sullivan 55 00:02:24,760 --> 00:02:26,680 Speaker 2: and enz ed me for next week. I have to say, 56 00:02:27,040 --> 00:02:29,880 Speaker 2: and just to give you a preview on it, I 57 00:02:29,880 --> 00:02:34,480 Speaker 2: think what I would say is it's I'm realistically optimistic, right, So, well, 58 00:02:34,520 --> 00:02:36,120 Speaker 2: what I mean is, you know, I think some of 59 00:02:36,120 --> 00:02:39,360 Speaker 2: the bank economists are talking three plus percent. I don't 60 00:02:39,400 --> 00:02:41,640 Speaker 2: buy that. I mean, there's a number of factors there 61 00:02:41,680 --> 00:02:43,480 Speaker 2: that say it to be a bit tough than that. 62 00:02:43,520 --> 00:02:46,520 Speaker 2: You've got a close election, which in the end actually 63 00:02:46,560 --> 00:02:49,079 Speaker 2: means a period where people kind of pull back a bit. 64 00:02:49,120 --> 00:02:52,000 Speaker 2: You've got the potential stock market crash in the United 65 00:02:52,040 --> 00:02:54,400 Speaker 2: States at some time. You've got a bunch of other factors. 66 00:02:54,600 --> 00:02:57,720 Speaker 2: But I still say on those fundamentals I mentioned earlier 67 00:02:57,720 --> 00:03:00,639 Speaker 2: on a CRL and an international convention, see to some 68 00:03:00,720 --> 00:03:03,520 Speaker 2: of these things. It is slowly going to grind its 69 00:03:03,840 --> 00:03:07,440 Speaker 2: way out. But I think, for heaven, wait for twenty seven. 70 00:03:08,880 --> 00:03:10,320 Speaker 1: Are you going to tell me how you got onto 71 00:03:10,320 --> 00:03:13,720 Speaker 1: the snake pitt Metallica or not? I text you and 72 00:03:13,800 --> 00:03:15,120 Speaker 1: you have left it on red. 73 00:03:15,600 --> 00:03:18,640 Speaker 2: What I'm going to tell you is it was outstanding. 74 00:03:18,720 --> 00:03:20,960 Speaker 2: I mean, it was like a three D moving movie. 75 00:03:21,040 --> 00:03:23,720 Speaker 2: You could see these guys sweating, you could see their facials, 76 00:03:23,760 --> 00:03:26,880 Speaker 2: and I could tell you, for some old codges, they 77 00:03:26,880 --> 00:03:29,360 Speaker 2: were really enjoying it, and they brought their best to this. 78 00:03:29,480 --> 00:03:31,799 Speaker 2: I think the other thing I was just saying off here, Laura, 79 00:03:32,040 --> 00:03:35,600 Speaker 2: is I don't know what I expected. I wondered if 80 00:03:35,600 --> 00:03:38,040 Speaker 2: it would be kind of bogans and leather vests and 81 00:03:38,760 --> 00:03:42,520 Speaker 2: here suits. It was a decidedly middle class affair. You know. 82 00:03:42,600 --> 00:03:44,760 Speaker 2: So if you were in that snake pit, you're of 83 00:03:44,800 --> 00:03:48,800 Speaker 2: a certain age, a certain vintage, and you weren't necessarily 84 00:03:48,800 --> 00:03:49,119 Speaker 2: a boke. 85 00:03:49,240 --> 00:03:51,280 Speaker 1: Well hold on, because you were there. You were there. 86 00:03:51,400 --> 00:03:54,280 Speaker 1: Tiger Whitey's he was there, and the drummer from Tool 87 00:03:54,400 --> 00:03:54,680 Speaker 1: was there. 88 00:03:55,040 --> 00:03:57,200 Speaker 2: He was he was about a meter from me. I 89 00:03:57,240 --> 00:03:59,360 Speaker 2: didn't know him from Adam. I'm not a big Tool guy, 90 00:03:59,400 --> 00:04:01,640 Speaker 2: and they obviously played in the weekend. But the chap 91 00:04:01,680 --> 00:04:03,720 Speaker 2: next to me pointed out that was drummer of Tool, 92 00:04:03,760 --> 00:04:05,840 Speaker 2: and suddenly I felt like I was quite kind of 93 00:04:05,880 --> 00:04:08,440 Speaker 2: v v I P. Well, yeah, I mean it was amazing. 94 00:04:08,480 --> 00:04:09,840 Speaker 1: I looked at the list and went, what the hell 95 00:04:09,880 --> 00:04:12,120 Speaker 1: are you doing there? But I mean, having said that 96 00:04:12,520 --> 00:04:15,920 Speaker 1: you you can play the drums like reasonably, okay, so 97 00:04:16,360 --> 00:04:16,640 Speaker 1: you know. 98 00:04:16,880 --> 00:04:20,479 Speaker 2: You're based on m I would love to tell you 99 00:04:20,520 --> 00:04:22,720 Speaker 2: that that's that's the basis on which I was at 100 00:04:22,720 --> 00:04:26,160 Speaker 2: the snake pit. But no, I mean, in the end, 101 00:04:26,240 --> 00:04:28,320 Speaker 2: that's none of your business here there. I'm a private 102 00:04:28,320 --> 00:04:31,560 Speaker 2: citizen who's entitled to be there. That's more like doing 103 00:04:31,640 --> 00:04:33,120 Speaker 2: it very very much. 104 00:04:32,960 --> 00:04:35,919 Speaker 1: The sass I want from you, Simon. I love it. Now. Listen, Simon, 105 00:04:35,960 --> 00:04:37,520 Speaker 1: I kind of m' be like, oh, do I do 106 00:04:37,560 --> 00:04:39,200 Speaker 1: this or do I not do this? I'm going to 107 00:04:39,279 --> 00:04:42,640 Speaker 1: do this. Yeah, do they go for Chris Bishop? 108 00:04:44,480 --> 00:04:48,360 Speaker 2: Uh lot coming? The Primeister is saying, you know, no way, 109 00:04:48,600 --> 00:04:50,839 Speaker 2: and it's it's all good stuff. And and you know 110 00:04:51,120 --> 00:04:52,279 Speaker 2: I take them as weird in that. I mean, what 111 00:04:52,320 --> 00:04:56,400 Speaker 2: I would say is I had that ship for years 112 00:04:56,440 --> 00:04:59,839 Speaker 2: on end from a more experienced, harder press gallery. That 113 00:05:00,120 --> 00:05:03,039 Speaker 2: or I say, it's not massive fun, It doesn't help 114 00:05:03,080 --> 00:05:06,160 Speaker 2: a party, and you know they need to sort it 115 00:05:06,200 --> 00:05:08,560 Speaker 2: out quite quickly so that you know, the youngder is 116 00:05:08,600 --> 00:05:10,920 Speaker 2: going to get back to focusing on the policies and 117 00:05:10,960 --> 00:05:13,920 Speaker 2: that growth that we're looking for in twenty six twelves. 118 00:05:14,080 --> 00:05:16,720 Speaker 1: Right, yeah, okay, I'm loving the sassy Breen Simon. Thank you. 119 00:05:16,760 --> 00:05:19,320 Speaker 1: Simon Bridget's Chief executive Auckland Business Chamber. 120 00:05:20,160 --> 00:05:23,320 Speaker 2: For more from Heather Duplessy Allen Drive, listen live to 121 00:05:23,440 --> 00:05:26,440 Speaker 2: news talks. It'd be from four pm weekdays, or follow 122 00:05:26,480 --> 00:05:28,279 Speaker 2: the podcast on iHeartRadio