28 Feb 2022 , 12:44 PM
New Zealand business confidence deteriorated sharply in February, reflecting the widespread anxiety about the impact to Omicron, survey results from ANZ showed on Monday. The business confidence index declined significantly to -51.8 in February from -23.2 in December. The own activity index dropped moderately by 14 points to -2.2. Activity indicators were weaker across the board. Inflation expectations, cost expectations, and pricing intentions all hit fresh record highs. Inflation expectations advanced to 5.29 percent from 4.42 percent.
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