Business sentiment fades as reality fails to match expectations

Mon, 06 Oct 2014

By Suze Metherell Oct. 7 (BusinessDesk) - New Zealand business confidence continued to slide in the September quarter, as the positive outlook seen earlier in the year wasn't backed up by similarly strong actual economic activity, according to the latest Quarterly Survey of Business Opinion from the New Zealand Institute of Economic Research. A net 20 percent of businesses remained optimistic in the September quarter, down from 32 percent in the June quarter. The measure has fallen some 50 percent from its peak in late 2013, excluding sea...

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