NZ business confidence slides in June amid rising interest rates

Mon, 30 Jun 2014

June 30 (BusinessDesk) - New Zealand business confidence slid this month and rising interest rates have been fingered as the culprit. The high currency, lower dairy and forestry prices and a levelling in the property market are also being cited as economic downers. A net 43 percent of respondents in the ANZ Bank Business Outlook survey for June expect general business conditions to improve in the year ahead, down from a net 54 percent in the previous month’s survey. Those expecting a better 12 months out of their own businesses fell to 4...

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