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ANZ New Zealand Business Outlook
The March ANZ Business Outlook Survey made for dreadful reading. Taking the month as a whole, headline business confidence plunged 45 points to a net 64% of respondents reporting that they expect general business conditions to deteriorate. Firms’ expectations for their own activity fell 39 points to a net 28% expecting lower activity over the year ahead, a record low. About two thirds of responses were received at the very start of the month, and were reported in our preliminary Flash release on 10 March. The results reported here include those results plus the one third following a reminder email sent on 19 March. ... (full story)