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Reuters
Reuters
Business

New Zealand business confidence dips slightly in February

FILE PHOTO: A sailing boat can be seen in front of the central business district (CBD) of Wellington in New Zealand, July 2, 2017. REUTERS/David Gray

New Zealand business sentiment dipped slightly in February as the real costs of the pandemic and the closed border starts to be more broadly felt, an ANZ Bank survey showed on Thursday.

The survey's headline measure showed a net 7.0% of respondents expected the economy to improve over the year ahead. That compared with a 9.4% optimism level in the previous poll in January.

A net 21.3% of respondents expected their own businesses to grow in the next 12 months, a touch off from 21.7% last month.

(Repoting by Praveen Menon; editing by Shri Navaratnam)

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