WELLINGTON, March 30 (Reuters) - New Zealand's business
confidence was largely unchanged in March as firms are wary but
hanging in there, ANZ Bank said in a note on Tuesday
accompanying its business confidence survey.
The survey's headline measure showed a net 43.4% of
respondents expected the economy to deteriorate over the year
ahead versus a 43.3% pessimism level in the previous poll in
February.
A net 8.5% of respondents expected their own businesses to
shrink in the next 12 months versus 9.2% last month who saw
contraction coming.
"Though it's early days, you'd have to say things do look
like a soft landing – activity indicators are subdued but off
the floor, labour market tightness is starting to shift, and
inflation and cost indicators are very gradually easing," ANZ
said.
(Reporting by Lucy Craymer; Editing by Himani Sarkar)
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