NZ business confidence dips in June as agriculture feels the pinch, construction stays positive

Fri, 29 Jul 2016

By Sophie Boot July 29 (BusinessDesk) - New Zealand business confidence dropped in July, a movement ANZ New Zealand economists said was largely seasonal, as construction remained positive while residential investment intentions surged. A net 16 percent of firms surveyed in the ANZ Business Outlook expect better economic conditions in the coming year, down from a net 20 percent in June, while a net 31 percent thought their business would do better, compared to 35 percent a month earlier. Construction firms were the most upbeat with a ne...

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