NZ business confidence hits 10-year low

Mon, 01 Jul 2019

By Rebecca Howard July 2 (BusinessDesk) - New Zealand business confidence fell to more than a 10-year low in the June quarter, with manufacturers the gloomiest sector. A seasonally adjusted net 31 percent of firms surveyed in the New Zealand Institute of Economic Research's quarterly survey of business opinion expect economic conditions to deteriorate during the coming months, compared to a net 28 percent who were pessimistic in the prior quarter. Business confidence was at its lowest level since March 2009. Adding to the gloom, a n...

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