NZ business confidence turns pessimistic in October over political uncertainty

Tue, 31 Oct 2017

By Sophie Boot Oct. 31 (BusinessDesk) - Political uncertainty saw business confidence sour in October as the interregnum before a government coalition was formed stoked negativity across all sectors Business confidence fell to a net 10 percent of firms negative about the year ahead, from a net zero reading with as many pessimists as optimists in September, according to the ANZ Business Outlook. In seasonally adjusted terms, business confidence fell to a net 8 percent negative from a net 16 percent positive. "Most survey responses were...

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