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Has plunging business confidence found a floor?

Staff reporters
Thu, 30 Apr 2020

Weak business confidence may “have found a floor, albeit a damp, cold basement,” said ANZ New Zealand chief economist Sharon Zollner.The final reading for the April ANZ Business Outlook survey was, while dire, a slight improvement on the preliminary reading in early-April results.April headline business confidence fell 3 points from March to a net minus 67 percent versus a preliminary read of minus 73 percent. A net 55 percent of businesses expect weaker activity for their own business but an improvement on than the preliminary 61 p...

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