Business confidence falls but inflationary pressures rise: NZIER

Business confidence falls but inflationary pressures rise: NZIER
NZIER deputy chief executive Christina Leung. (Image: NZME)
Rebecca Howard
Business confidence dropped in the September quarter, but inflationary pressures rose, according to the latest New Zealand Institute of Economic Research survey. A net 15% of firms expect an improvement in general economic conditions over the coming months on a seasonally adjusted basis. This was a decline from the net 26% expecting an improvement in the June quarter.Firms' own trading activity showed a net 14% of firms reported a decline in activity in their own business in the September quarter, but a net 9% of firms expect improved...

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