New Zealand business sentiment continues to weaken as supply issues dominate

WELLINGTON (Reuters) – New Zealand enterprise sentiment fell once more in June as supply-side points proceed to dominate the listing of corporations’ greatest issues, in step with inflation pressures which are nonetheless intense, an ANZ Financial institution survey confirmed on Thursday.

The survey’s headline measure confirmed a web 62.6% of respondents anticipated the economic system to deteriorate over the yr forward. That in contrast with a 55.6% pessimism stage within the earlier ballot in Might.

A web 9.1% of respondents anticipated their very own companies to

contract within the subsequent 12 months, from a contraction of 4.7% beforehand.

(Reporting by Lucy Craymer; Modifying by Jacqueline Wong)