NZ business confidence sours as economic recovery lags expectations: NZIER

Mon, 09 Jul 2012

By Paul McBeth July 10 (BusinessDesk) - New Zealand firms became more pessimistic in the second quarter as the nation's economic recovery lagged behind expectations, according to the New Zealand Institute of Economic Research. A net 1 percent of firms surveyed in the NZIER's latest quarterly survey of business opinion were pessimistic about the general business situation, compared to a net 24 percent of optimists in the previous period. Their experienced trading activity edged up to 1 percent from zero percent in the previous quarter. The su...

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