NZ business confidence declines for 6th consecutive month in August

Fri, 29 Aug 2014

By Suze Metherell Aug. 29 (BusinessDesk) - New Zealand firms' confidence declined for the sixth successive month in August, as the country's economic growth comes off the boil amid declining terms of trade, a strong currency and rising interest rates, according to ANZ Bank's latest Business Outlook survey. A net 24.4 percent of respondents were optimistic business conditions would improve in the coming year, down from a net of 39.7 percent in July, and 46 points below the 20-year confidence high in February. Those picking their own activi...

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