NZ businesses still upbeat, confidence on the wane

Fri, 25 Jul 2014

By Paul McBeth July 25 (BusinessDesk) - New Zealand firms remained largely upbeat this month, though confidence is still coming off the boil amid falling dairy prices, a strong currency and rising interest rates, according to ANZ Bank's July Business Outlook survey. A net 39.7 percent of respondents in the survey expect business conditions to improve in the coming year, down from a net 42.8 percent in June. Those picking their own activity to get better was a net 45.1 percent from 45.8 percent in June. Pessimists among rural firms outnum...

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