New Zealand business confidence falls in April amid tariff concerns
SYDNEY, April 30 (Reuters) - New Zealand's business confidence slumped in April with most forward-looking activity indicators weighed down by concerns U.S. President Donald Trump's tariff plans will impact economic growth, an ANZ Bank survey showed on Wednesday.
The survey's headline measure fell 9 points, with a net 49.3% of respondents expecting the economy to improve over the year ahead, versus a 57.5% optimism level in March.
A net 47.7% of respondents expected their own businesses to grow in the next 12 months, versus 48.6% last month.
"The data does support the idea that the turmoil has had a marked negative impact on most forward-looking indicators, and particularly on headline business confidence and businesses' plans to invest. Time will tell whether the impact is lasting," ANZ Chief Economist Sharon Zollner said in a statement.
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