NZ business confidence slips as credit availability tightens

Wed, 30 Nov 2016

By Edwin Mitson Nov. 30 (BusinessDesk) - New Zealand business confidence fell in November as pessimistic manufacturers offset upbeat farmers, construction firms and service companies. A net 20.5 percent of firms were optimistic about the general outlook for the economy in November, down from 24.5 percent of firms a month earlier, the ANZ Business Outlook shows. A net 37.6 percent saw their own activity expanding, just down from 38.4 percent in October. The second drop in confidence in as many months wasn't enough to suggest the economy...

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