NZ business confidence drops again in June, falling to 7-month low

Wed, 27 Jun 2018

By Sophie Boot June 27 (BusinessDesk) - New Zealand business confidence plunged to a seven-month low in June with retail most gloomy as costs, credit and capacity weigh on firms. A net 39 percent of 341 firms surveyed in the ANZ business outlook survey expect general business conditions to deteriorate in the coming 12 months, 12 points lower than May's result and the lowest that measure has been since November 2017. The survey has become a political football since the election as headline confidence has continued to weaken, with Financ...

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