New Zealand Election Spooked Businesses, Confidence Survey Shows

Bloomberg with a recap of the business confidence and activity outlook data from New Zealand earlier

Post is here: NZ data - business confidence and activity outlook both fall

In my post you'll note I picked out ANZ's comment where they said activity levels were still strong and there wasn't too much reason to be concerned.

And I also picked out their comment on business jitters in the lead up to the election.

The Bloomberg recap shows a little more concern on the confidence measure:

• More than a quarter of manufacturing companies surveyed said they expected business conditions to deteriorate over the next year, up from just 2 percent in the previous poll.

Probably a legitimate focus. I recall the hiccup that swept through the Australian economy surrounding last year's election - there is looking likely a similar effect playing out in New Zealand.

Yes, no? Comments welcome!