Latest / Early Edition with Ryan Bridge / Simon Arcus: Business Central CEO on the rising optimism among business leaders

Transcript

Simon Arcus: Business Central CEO on the rising optimism among business leaders · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Right, the sun has come out from behind the clouds.
• 0:01
  Speaker 1: For business owners. New data from two degrees shows optimism
• 0:05
  Speaker 1: is that its highest since twenty twenty one. Forty five
• 0:08
  Speaker 1: percent of business leaders feel better about their footing than
• 0:11
  Speaker 1: they did a year ago. Simon Arcus is Business Central
• 0:14
  Speaker 1: CEO with me this morning. Simon, good morning, Good morning
• 0:17
  Speaker 1: to you, Ryan. How are you very well? Thank you?
• 0:20
  Speaker 1: Does this include Wellington businesses?
• 0:22
  Speaker 2: Look, it does include Wellington businesses. It's good to see
• 0:25
  Speaker 2: and really really good to also that businesses feel like
• 0:29
  Speaker 2: the future is looking brighter.
• 0:30
  Speaker 1: Interesting they also talk about I mean, productivity has been
• 0:32
  Speaker 1: a bugbear of ours for a long time, but businesses
• 0:35
  Speaker 1: themselves reporting that they think productivity is trending upwards.
• 0:40
  Speaker 2: I think it's a really interesting observation, Ryan, that's partly,
• 0:43
  Speaker 2: I think because the reality is that it's been a
• 0:45
  Speaker 2: big focus of business in the last or one and
• 0:47
  Speaker 2: of course the government is driven by raising productivity. Probably
• 0:52
  Speaker 2: the one thing I'd noted which is really interesting is
• 0:55
  Speaker 2: this month we had actually contraction in the manufacturing and
• 0:59
  Speaker 2: the services industry. So there's a piece of data going
• 1:02
  Speaker 2: the out of way as well, which is really interesting too.
• 1:05
  Speaker 1: Yeah, how do you marry those things up. I mean
• 1:07
  Speaker 1: it is one It is one moment, isn't it.
• 1:09
  Speaker 2: It is one month? And I think I think two
• 1:11
  Speaker 2: things can be true at once, and you can have
• 1:13
  Speaker 2: optimism often precedes, you know, a good news, and you
• 1:18
  Speaker 2: can have a little bad news on the way. I
• 1:19
  Speaker 2: think the reason for that is the businesses they get
• 1:22
  Speaker 2: they have a sense of what the future is looking like,
• 1:24
  Speaker 2: so they've got forward orders, they've got all those sorts
• 1:26
  Speaker 2: of things. So actually, probably isn't the worry that it
• 1:29
  Speaker 2: might be any other time, So that optimism is a
• 1:31
  Speaker 2: good thing.
• 1:32
  Speaker 1: And no one said it was going to be a straight, safe,
• 1:35
  Speaker 1: easiy flight path out of the quagmire, right, It's always
• 1:39
  Speaker 1: going to be a little bit bumpy along the way.
• 1:41
  Speaker 2: I think bumpy is a great word. I think we're
• 1:43
  Speaker 2: bumping along the bottom a little bit. There are sort
• 1:45
  Speaker 2: of haltering momentary things seem to improve, and then we
• 1:48
  Speaker 2: sink back a little bit. But I think it's two
• 1:50
  Speaker 2: steps toward, one step back. But the general direction and
• 1:53
  Speaker 2: the two degrees survey seems to confirm this is good
• 1:57
  Speaker 2: optimistic feeling.
• 1:59
  Speaker 1: About the FUTU appreciate your time this morning, Simon. Great
• 2:02
  Speaker 1: to have you on the show. Simon Arcis Business Central
• 2:04
  Speaker 1: CEO with us from Wellington this morning. For more from
• 2:08
  Speaker 1: Early Edition with Ryan Bridge, Listen live to news Talks
• 2:11
  Speaker 1: it'd be from five am weekdays, or follow the podcast
• 2:14
  Speaker 1: on iHeartRadio