New Zealand business confidence falls in October

[WELLINGTON] New Zealand business sentiment fell in October as cost and inflation pressures intensified due to Covid-19 uncertainty, an ANZ Bank survey showed on Wednesday.

The survey's headline measure showed a net 13.4 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 September poll.

A net 21.7 per cent of respondents expected their own businesses to grow in the next 12 months, higher than 18.2 per cent from last month.

REUTERS