NZ business confidence tumbles to 8-year low in November, kiwi drops

Thu, 30 Nov 2017

By Sophie Boot Nov. 30 (BusinessDesk) - New Zealand business confidence dropped sharply in November with uncertainty around changing government policy, a softer housing market, and difficulty getting credit seen as likely causes. The kiwi fell about a quarter of a US cent. A net 39 percent of businesses were pessimistic about the year ahead, the lowest level since early 2009, and a decline of 29 points from the previous month, according to the ANZ Business Outlook. A net 6.5 percent of companies see their own activity expanding, compared...

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