NZ businesses become most pessimistic in 6 years, led by farmers

Fri, 31 Jul 2015

By Jonathan Underhill July 31 (BusinessDesk) - New Zealand business confidence fell for a second month, to the most pessimistic in six years, led by the agricultural sector and construction companies. A net 15 percent of firms were pessimistic in July about the general economy over the year ahead, up from a net 2.3 percent in June , according to the ANZ Business Outlook survey. A net 19 percent expected their own businesses to grow in the next 12 months, down from 23.6 percent last month. The New Zealand dollar fell to 65.79 US cents a...

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