NZ businesses 'spooked' as 50% expect worse conditions in year ahead, ANZ says

Thu, 30 Aug 2018

By Sophie Boot Aug. 30 (BusinessDesk) - New Zealand business confidence dropped further in August as headline confidence weakened while firms' views of their own prospects stabilised. A net 50 percent of 369 firms surveyed in the ANZ business outlook survey for August expect general business conditions to deteriorate in the coming 12 months, 5 points lower than July's result which was itself a 10-year low. The kiwi dollar dropped to 66.77 US cents form 67.05 cents immediately before the release. Firms’ views of their own activity, whi...

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