NZ businesses turn optimistic in June quarter as profit expectations improve

Mon, 04 Jul 2016

By Paul McBeth July 5 (BusinessDesk) - New Zealand firms turned optimistic about the state of the economy in the June quarter as moderating cost pressures helped boost margins and lifted profit expectations. A seasonally adjusted net 18 percent of firms surveyed in the New Zealand Institute of Economic Research's quarterly survey of business opinion expect general business to improve, turning from a net 2 percent of pessimistic responses three months earlier. A net 22 percent of those companies experienced stronger trading activity in the...

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