PHOTO: ALDEN WILLIAMS/STUFF The outlook for the construction sector is positive, but across the economy, business confidence is at the lowest level in just over a decade.
Business confidence continues to slide, with New Zealand companies the most downbeat in a decade, since the height of the global financial crisis.
The Quarterly Survey of Business Opinion (QSBO) for the June quarter, released on Tuesday, showed a fall in general confidence.
More importantly, the majority of businesses surveyed said they expect their own activity to contract in the coming quarter.
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