New Zealand business confidence is down because of high costs, interest rates
A sailboat can be seen in front of the Central Business District (CBD) of Wellington, New Zealand, July 2, 2017. REUTERS / David Gray WELLINGTON, July 5 – New Zealand business confidence continued to deteriorate in the second quarter of this year as companies grappled with rising costs and higher interest rates, a think tank said Tuesday. private. Net 65% of companies surveyed predicted a deterioration in general business conditions compared to 40% pessimism in the previous quarter, the New Zealand Institute of Economic Research (NZIER) Quarterly Business Opinion Survey (QSBO) showed. He added that business confidence is now atRead News