NZ business confidence the weakest since covid hit

Rebecca Howard
Tue, 31 May 2022

Business confidence hit its lowest level since covid first hit in May, the ANZ business outlook survey said.A net 55.6% of respondents said they expected economic conditions to worsen over the next 12 months, versus a net 42% that were negative in April.The most pessimism is found in the agricultural sector, where a net 82.4% expected things to worsen, followed by construction at 76.9%. When firms were asked their expectations for their own activity, a net 4.7% expected their businesses to decline over the next 12 months, versus a net 8% t...

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