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ANZ New Zealand Business Outlook
In the June ANZ Business Outlook Survey headline business confidence fell 6 points, with a net 38% of respondents reporting that they expect general business conditions to deteriorate in the year ahead, as in April. Firms’ expectations for their own activity fell 1 point to a net 8% expecting a lift. The spread across sectors is relatively narrow (+3% - +11%). image Turning to the detail: Employment intentions, investment intentions and capacity utilisation were all unchanged at 0, +3 and +5 respectively. Profit expectations fell 3 points to a net 13% expecting profit to decline. A net 40% of firms expect it to ... (full story)