New Zealand business confidence declines in October: ANZ survey

[BENGALURU] New Zealand business sentiment fell in October from the previous month, an ANZ Bank preliminary survey showed on Wednesday, as the country's largest city, Auckland, remains in a lockdown to contain an outbreak of the Delta variant of the coronavirus.

The survey's headline measure showed a net 8.6 per cent of respondents expected the economy to deteriorate over the year ahead. It compared with a 7.2 per cent pessimism level in the previous poll in September.

A net 26.2 per cent of respondents expected their own businesses to grow in the next 12 months, compared with 18.2 per cent last month.

REUTERS