- December 17, 2021
- Posted by: Stratford Team
- Category: Business
FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray/File Photo
WELLINGTON, Dec 17 (Reuters) – New Zealand business sentiment continued its slide in December, weighed down by concerns over finding skilled labour and the rising non-wage cost inflation, an ANZ Bank survey showed on Friday.
The survey’s headline measure showed a net 23.2% of respondents expected the economy to deteriorate over the year ahead, compared with 16.4% in the previous poll in November.
A net 11.8% of respondents expected their own businesses to grow in the next 12 months, down from 15.0% last month.
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Reporitng by Praveen Menon; Editing by Himani Sarkar
Our Standards: The Thomson Reuters Trust Principles.
