15 Sep 2010

Economic turnabout not highly visible - survey

7:58 am on 15 September 2010

Only 10% of people in New Zealand believe the economy has turned a corner, according to the Consumer Comform Index.

UMR Research polled 1000 people and found that 69% believe the economy has stabilised but has not yet begun to improve. Another 19% think the worst is yet to come.

The survey took place before the earthquake in Canterbury on 4 September.

Most of was conducted before the Government's bail out of depositors in South Canterbury Finance, which went into receivership on 31 August.