NZ business confidence falls from 20-year high in 2Q as growth moderates

Mon, 07 Jul 2014

By Tina Morrison July 8 (BusinessDesk) - New Zealand business confidence declined from a 20-year high in the second quarter as economic growth moderates. A net 33 percent of businesses were optimistic in the June quarter, seasonally adjusted, from a net 51 percent in the first quarter, according to the New Zealand Institute of Economic Research’s Quarterly Survey of Business Opinion. The New Zealand dollar dipped to 87.38 US cents from 87.49 cents immediately before the release. The survey showed a net 31 percent of firms expect improv...

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