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.