Manufacturers' confidence collapses to lowest level since March 2014: NZMEA

Mon, 07 Nov 2016

By Edwin Mitson Nov. 7 (BusinessDesk) - A survey of business conditions by the New Zealand Manufacturers and Exporters Association has reported confidence in the sector falling to its lowest level in more than 2 1/2 years years. The survey by the Christchurch-based body was carried out in October and was of businesses who turned over a total of $276 million in annualised sales, 78 percent of which were exports. Net confidence fell to -23 from 22 in August. It's the lowest reading since March 2014, when the kiwi dollar was trading near...

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