New Zealand business confidence falls in October

Credit: REUTERS/DAVID GRAY

WELLINGTON, Oct 27 (Reuters) - New Zealand business sentiment fell in October as cost and inflation pressures intensified due to COVID-19 uncertainty, an ANZ Bank survey showed on Wednesday.

The survey's headline measure showed a net 13.4% of respondents expected the economy to deteriorate over the year ahead. It compared with a 7.2% pessimism level in the September poll.

A net 21.7% of respondents expected their own businesses to grow in the next 12 months, higher than 18.2% from last month.

(Reporting by Praveen Menon; Editing by Himani Sarkar)

((praveen.menon@thomsonreuters.com; Twitter: https://twitter.com/Journopraveen))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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