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New Zealand business confidence dropped 26 points amid Iran conflict and rising fuel costs.
New Zealand’s business confidence dropped sharply in March, falling 26 points to 33, according to the ANZ survey, as firms reacted to the conflict in Iran and rising fuel costs.
Activity expectations weakened, with retail and construction sectors hit hardest, and inflation pressures intensified.
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La confianza empresarial de Nueva Zelanda cayó 26 puntos en medio del conflicto con Irán y el aumento de los costos de combustible.