Tuesday 11 October 2011

NZ: Rugby World Cup's 'depressing effect' on business

Remember how the Rugby World Cup was going to save the New Zealand economy?




10 October, 2011

Confidence for the economy slumped in October as a high number of businesses note the Rugby World Cup is having a depressing effect on activity, a monthly survey from BNZ shows.

BNZ chief economist Tony Alexander said only a net 6.9 per ccent of the 391 respondents to his monthly email survey expected an improvement in the economy over the year ahead, down from a net 36.3 per cent in September.

October recorded the lowest reading in confidence since immediately after the February 22 earthquake that struck Canterbury, and continued a downward trend from a record high in June, Alexander said.

For article GO HERE

No comments:

Post a Comment

Note: only a member of this blog may post a comment.