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Simon Arcus: Business Central CEO on the rising optimism among business leaders · Best of Business

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  Speaker 2: Right the sun has come out from behind the clouds.
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  Speaker 2: For business owners, new data from two degrees shows optimism
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  Speaker 2: is that its highest since twenty twenty one. Forty five
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  Speaker 2: percent of business leaders feel better about their footing than
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  Speaker 2: they did a year ago. Simon Arcus is Business Central
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  Speaker 2: CEO with me this morning, Simon.
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  Speaker 3: Good morning, Good morning to here, Ryan.
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  Speaker 2: How are you very well? Thank you? Does this include
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  Speaker 2: Wellington businesses?
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  Speaker 3: Look, it does include Wellington businesses. It's good to see
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  Speaker 3: and really really good to Also, businesses feel like the
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  Speaker 3: future is looking brighter.
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  Speaker 2: Interesting. They also talk about I mean, productivity has been
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  Speaker 2: a bugbear of ours for a long time, but businesses
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  Speaker 2: themselves reporting that they think productivity is trending upwards.
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  Speaker 3: I think it's a really interesting observation, Ryan. That's partly
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  Speaker 3: I think because the reality is that it's been a
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  Speaker 3: big focus of business in the last or one and
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  Speaker 3: of course the government is driven by raising productivity. Probably
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  Speaker 3: the one thing I'd noted which is really interesting is
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  Speaker 3: this month we had actually contraction in the manufacturing and
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  Speaker 3: the services industry. So there's a piece of data going
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  Speaker 3: out of the way as well, which is really interesting too.
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  Speaker 2: Yeah, how do you marry those things up? I mean,
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  Speaker 2: it is one It is one month, isn't it?
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  Speaker 3: It is one month? And I think I think two
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  Speaker 3: things can be true at once, and you can have
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  Speaker 3: optimism often precedes, you know, a good news, and you
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  Speaker 3: can have a little bad news on the way. I
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  Speaker 3: think the reason for that is the businesses they get,
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  Speaker 3: they have a sense of what the future is looking like,
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  Speaker 3: so they've got forward orders, they've got all those sorts
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  Speaker 3: of things. So actually, probably isn't the worry that it
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  Speaker 3: might be any other time, So that optimism is a
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  Speaker 3: good thing.
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  Speaker 2: And no one said it was going to be a straight, safe,
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  Speaker 2: easy flight path out of the quagmire, right, It's always
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  Speaker 2: going to be a little bit bumpy along the way.
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  Speaker 3: I think bumpy is a great word. I think we're
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  Speaker 3: bumping along the bottom a little bit. There are sort
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  Speaker 3: of haltering momentary things seem to improve, and then we
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  Speaker 3: sink back a little bit. But I think it's two
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  Speaker 3: steps forward once back. But the general direction and the
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  Speaker 3: two degrees survey seems to confirm this is good optimistic
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  Speaker 3: feelings about the future.
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  Speaker 2: Appreciate your time this morning, Simon. Great to have you
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  Speaker 2: on this show. Simon Arcis Business Central CEO with us
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  Speaker 2: from Wellington this morning.
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