New Zealand business confidence eases in November

[WELLINGTON] New Zealand business sentiment fell in November as cost and inflation pressures remained extreme, an ANZ Bank survey showed on Tuesday.

The survey's headline measure showed a net 16.4 per cent of respondents expected the economy to deteriorate over the year ahead. It compared with a 13.4 per cent pessimism level in the previous poll in October.

A net 15.0 per cent of respondents expected their own businesses to grow in the next 12 months, from 21.7 per cent last month.

REUTERS