NZ business confidence hits 7-year low in June in NZIER quarterly survey

Mon, 02 Jul 2018

By Rebecca Howard July 3 (BusinessDesk) - New Zealand business confidence hit a seven-year low in June as cost pressures weigh on profitability and the downbeat sentiment is beginning to impact on future planning. A seasonally adjusted net 19 percent of firms surveyed in the New Zealand Institute of Economic Research's quarterly survey of business opinion expect economic conditions to deteriorate over the coming months compared with a seasonally adjusted 10 percent that had expected a deterioration in the prior quarter. It was the lowest...

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