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New Zealand business confidence declines in October - ANZ survey

Oct 13 (Reuters) - New Zealand business sentiment fell in October from the previous month, an ANZ Bank preliminary survey showed on Wednesday, as the country’s largest city, Auckland, remains in a lockdown to contain an outbreak of the Delta variant of the coronavirus.

The survey’s headline measure showed a net 8.6% of respondents expected the economy to deteriorate over the year ahead. It compared with a 7.2% pessimism level in the previous poll in September.

A net 26.2% of respondents expected their own businesses to grow in the next 12 months, compared with 18.2% last month. (Reporting by Renju Jose in Sydney; Editing by Shri Navaratnam)

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