New Zealand business confidence drops in January on coronavirus fears
[WELLINGTON] New Zealand's businesses sentiment dropped in January as the coronavirus outbreak in China caused widespread alarm about the outlook for the economy and the prospects of firms, an ANZ Bank survey showed on Thursday.
The survey's headline measure showed a net 19.4 per cent of respondents expected the economy to deteriorate over the year ahead, compared with 13.2 per cent in the previous poll in December.
A net 12.0 per cent of respondents expected their own businesses to grow in the next 12 months, from 17.2 per cent last month.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US wholesale inventories drop by unrevised 0.4% in March
China, Serbia chart ‘shared future’ as Xi Jinping visits Europe
World extends run of heat records for 11th straight month
SpaceX’s unit Starlink secures Indonesia operating permit
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Taiwan exports to US jump by record as China shipments fall