By Lucy Craymer
WELLINGTON, April 27 (Reuters) - New Zealand's business
confidence was largely unchanged in April with retail and
agricultural respondents generally more upbeat, ANZ Bank said in
a note on Thursday accompanying its business confidence survey.
The survey's headline measure showed a net 43.8% of
respondents expected the economy to deteriorate over the year
ahead versus a 43.4% pessimism level in the previous poll in
March.
A net 7.6% of respondents expected their own businesses to
shrink in the next 12 months versus 8.5% last month who saw
contraction coming.
"April saw fairly flat activity indicators but falling
inflation signals on the whole, consistent with the RBNZ
(Reserve Bank of New Zealand) gradually gaining traction," ANZ
said.
(Reporting by Lucy Craymer; Editing by Jacqueline Wong)
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