NZ firms get even gloomier as profit expectations dwindle, activity slows

Thu, 31 May 2018

By Paul McBeth May 31 (BusinessDesk) - New Zealand business confidence got even gloomier in May as firms, especially retailers, expect slower activity and more are now anticipating earnings to shrink in the coming year. A net 27 percent of 354 firms surveyed in the ANZ business outlook survey expect general business conditions to deteriorate in the coming 12 months, compared to a net 23 percent pessimists in April. Companies typically get more downbeat about the broader economy under a Labour administration, making expectations for their...

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