NZ business confidence's traditional winter cooling not so frosty in July

Mon, 31 Jul 2017

By Paul McBeth July 31 (BusinessDesk) - New Zealand business confidence cooled less than normal in July as firms remained upbeat about their own activity and were keen to take on more staff. A net 19 percent of firms surveyed in the ANZ Business Outlook expect general business conditions to improve over the coming year, down from 25 percent in June in a smaller monthly drop than is typical for the depths of winter. In seasonally adjusted terms, business confidence rose 2 points to a net 28 percent, and a net 40 percent of firms anticipat...

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