NZ business confidence dips in October as credit starts to get tighter

Mon, 31 Oct 2016

By Paul McBeth Oct. 31 (BusinessDesk) - New Zealand business confidence dipped this month, while remaining at an elevated level, as firms started to face slightly tighter credit conditions in an environment where low interest rates have made money cheap for an extended period. A net 24.5 percent of firms were optimistic about the general economic outlook, down from 27.9 percent in September, while a net 38.4 percent see their own activity expanding, down from 42.4 percent, the ANZ Business Outlook shows. A net 18.9 percent of firms found...

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