New Zealand Business Confidence Declines in December, ANZ Says

New Zealand business confidence fell for the fourth time in five months in December, while a second gauge of sales and profits fell to a nine-month low, according to a survey by ANZ National Bank Ltd.

A net 16.9 percent of companies expect the economy will improve over the next 12 months, down from 18.3 percent in November, according to the survey released in Wellington today. A measure of expectations for companies’ own sales and earnings declined to 25.7 percent, the lowest since March, compared with 28.8 percent last month.

The net figure subtracts the number of pessimists from the number of optimists.

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