These from ANZ's monthly business survey in New Zealand (Business Outlook)
Business confidence -37.8
- prior -39.3
- confidence running along near an 8 year low ... 37.8% of those surveyed expect the economy to deteriorate over the coming 12 months
Activity outlook 15.6 ... that is, net 15.6% of businesses expect their firms to grow over the next year
- prior 6.5
ANZ citing:
- turn lower for housing
- net migration flattening
- construction sector capacity constraints
... all weighing on prospects for near-term growth
Also, change in government
- "has no doubt caused a degree of apprehension amongst businesses"
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ANZ's Business Outlook Survey
- 1,500 businesses nationwide
- analyses where the economy will be going over the next 12 months
- The ANZ Business Outlook is a key leading barometer for the economy, relying on the input of New Zealand businesses which has proven to be very adept at picking economic developments.
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Note ... there is no survey in January.