NZ businesses still gloomy about economy with weak earnings outlook

Tue, 30 Apr 2019

By Paul McBeth April 30 (BusinessDesk) - New Zealand firms remain pessimistic about the general economic outlook, with few seeing growth in their own activity and more than half expecting weaker earnings. A net 37.5 percent of the 353 respondents to the ANZ business outlook expect the economy will slow over the coming year, in line with the 38 percent reading in March. There was a small improvement in expectations for firms' own activity with a net 7.1 percent anticipating an improvement, compared to 6.3 percent a month earlier. Whil...

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