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05.10.202621:00:00UTC+00New Zealand Capacity Utilisation Edges Higher in Q3, Signalling Firm Demand

New Zealand’s productive capacity remained under pressure in the third quarter of 2026, with NZIER’s Quarterly Survey of Business Opinion (QSBO) showing capacity utilisation inching up to 91.0%. This compares with 90.8% in the second quarter of 2026, highlighting a modest but continuing tightening in available capacity.

The latest reading, updated on 5 October 2026, suggests that many New Zealand firms are still operating close to their limits. Even a 0.2 percentage point rise from the previous quarter can be significant in gauging underlying demand and potential bottlenecks in the economy, particularly for policymakers and investors watching for signs of inflationary pressure and constraints on future growth.

With capacity utilisation now slightly higher than in Q2, markets and analysts are likely to scrutinise upcoming business sentiment indicators and policy communications for clues on how sustained this pressure on productive resources may be heading into the end of 2026.

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