NZ Aug business confidence sinks further

Credit: REUTERS/Mike Hutchings

New Zealand business confidence fell further in August as the economy faces domestic and global headwinds, an ANZ Bank survey showed on Thursday.

WELLINGTON, Aug 29 (Reuters) - New Zealand business confidence fell further in August as the economy faces domestic and global headwinds, an ANZ Bank survey showed on Thursday.

The survey's headline measure showed a net 52.3% of respondents expected the economy to deteriorate over the year ahead. That compared with a 44.3% pessimism level in the previous poll in July.

Firms’ views of their own business activity in the next 12 months fell to -0.5% from 5% in the previous reading in July.

(Reporting by Praveen Menon; Editing by Sam Holmes)

((praveen.menon@thomsonreuters.com; +6448028163; Reuters Messaging: praveen.menon.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/pravemn))

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