
New Zealand business confidence at lowest since 1974
A net 70% of firms surveyed expected general business conditions to deteriorate compared with 42% pessimism in the previous quarter.
Top Stories
-
Google begins opening access to its ChatGPT competitor Bard
-
Russia's Putin blasts UK move to send ammo to Ukraine
-
Debt-stricken Sri Lanka to get first tranche of IMF bailout funds
-
Afghanistan's school year starts with calls for girls to attend
-
US report lists 'significant human rights' abuses in India
WELLINGTON, Jan 17 (Reuters) - New Zealand's business confidence in the fourth quarter of last year hit its lowest level since 1974 as companies grapple with higher interest rates, cost pressures and soft demand, a private think tank said on Tuesday.
A net 70% of firms surveyed expected general business conditions to deteriorate compared with 42% pessimism in the previous quarter, the New Zealand Institute of Economic Research's (NZIER) quarterly survey of business opinion (QSBO) showed.
It added that business confidence is now at its lowest level since 1974, while on a seasonally adjusted basis it is the weakest since the survey started in 1970.
Related
Related

New Zealand's central bank says banks likely to withstand stagfla

Debt-stricken Sri Lanka to get first tranche of IMF bailout funds

New Zealand declares National State of Emergency with Cyclone
