NZ business confidence drops in July: ANZ bank
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[WELLINGTON] New Zealand business sentiment fell in July thanks to a regular winter blip, an ANZ Bank monthly survey showed on Monday.
The survey's headline measure showed a net 19.4 per cent of respondents expected the economy to improve over the year ahead, compared with a 24.8 per cent optimism level in the previous poll.
ANZ economists said the Pacific nation's colder months usually coincided with a drop in confidence. Rising construction costs and labour skill shortages also curbed optimism, while a recovery in dairy prices provided support.
A net 40.3 per cent of respondents expected their own businesses to grow in the next 12 months, from 42.8 per cent last month.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
