imageEconomic Indicators1 hour ago (Feb 26, 2020 07:26PM ET)

WELLINGTON (Reuters) – New Zealand’s businesses sentiment dropped in January as the coronavirus outbreak in China caused widespread alarm about the outlook for the economy and the prospects of firms, an ANZ Bank survey showed on Thursday.

The survey’s headline measure showed a net 19.4% of respondents expected the economy to deteriorate over the year ahead, compared with 13.2% in the previous poll in December.

A net 12.0% of respondents expected their own businesses to grow in the next 12 months, from 17.2% last month.

New Zealand business confidence drops in January on coronavirus fears

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.