Business confidence holds steady at three-year high in second quarter, NZIER says

Mon, 08 Jul 2013

By Tina Morrison July 9 (BusinessDesk) – Business confidence held at a three-year high in the second quarter as domestic trading activity eased, according to the latest Quarterly Survey of Business Opinion from the New Zealand Institute of Economic Research. A net 31 percent of businesses remained optimistic in June, seasonally adjusted, unchanged from the March quarter, the institute said. Last quarter was the highest since March 2010 when a net 33 percent were optimistic. Domestic trading activity, which is closely aligned with economic...

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