NZ business confidence dims in April, firms dial back own trading expectations

Mon, 30 Apr 2018

By Sophie Boot April 30 (BusinessDesk) - New Zealand business confidence fell in April, matching a dip in consumer sentiment, as already downbeat firms scaled back expectations for their own trading activity. The ANZ Business Outlook reported a net 23 percent of businesses were pessimistic about the year ahead, versus 20 percent in March. Confidence dropped to an eight-year low in November on political uncertainty when the new Labour government took office. Fewer companies saw their own activity expanding, at net 18 percent compared to 2...

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