NZ business confidence turns negative for the first time in four years

Tue, 30 Jun 2015

By Tina Morrison June 30 (BusinessDesk) - New Zealand business confidence turned negative this month for the first time since the Christchurch earthquake in February 2011, led by a gloomy agriculture sector. A net 2.3 percent of firms were pessimistic about the general economy over the year ahead, turning from a net 15.7 percent who were optimistic in May, according to the ANZ Business Outlook survey. A net 23.6 percent expected their own businesses to grow in the next 12 months, down from 32.6 percent last month, and hitting a three-year...

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