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New Zealand business confidence drops further in December -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A group of pedestrians walks near the entrance of Reserve Bank of New Zealand in central Wellington (New Zealand), July 3, 2017. REUTERS/David Gray/File Photo

WELLINGTON (Reuters] – New Zealand’s business sentiment slipped in December due to worries about the availability of skilled labour, according to an ANZ Bank survey.

This survey showed that net 23.2% of respondents anticipated the economy’s decline in the coming year, against 16.4% in November.

The net result was 11.8%, a decrease from the 15.0% reported last month.

(Reporitng and Editing by Praveen Menon, Himani Sarkar

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