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ANZ New Zealand Business Outlook - Slip sliding away
In the September ANZ Business Outlook Survey headline business confidence fell 2 points, with a net 54% of respondents reporting that they expect general business conditions to deteriorate in the year ahead, the lowest since April 2008. Firms’ expectations for their own activity over the year ahead fell 1 point to -2, the fourth fall in a row, and the lowest read since April 2009. Turning to the detail: Employment intentions rose 1 point to a net 8% of firms intending to reduce employment. Investment intentions fell 5 points to -9, revisiting its lows of a year ago. Capacity utilisation fell 1 point and is near ... (full story)