The NZIER’s Quarterly survey of Business opinion showed Business sentiment deteriorated to the lowest level in 7 years in the June quarter, notes the research team at TDS.
Key Quotes
“The Q2 Business Confidence index fell to -20 from -11 in Q1 as Businesses dealt with increased uncertainty with respect to demand and rising capacity pressures. Today’s poor outcome suggests a continued softening in GDP is more likely this year, so the downside risks have probably increased.”
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