New Zealand business confidence deteriorated in April, survey data from ANZ Bank showed Monday.
The business sentiment index slid to -23.4 in April from -20.0 from March.
Firms' views of their own activity eased to +18 from +22 a month ago.
All sectors were in the red with services the least pessimistic in April. At the same time, construction plummeted to its lowest level since 2008.
Data showed that a net 7 percent of firms were expecting to lift investment, reversing March's lift. Meanwhile, employment intentions eased 1 point to +9 percent.
Profit expectations reversed March's lift, with the score falling to -1 percent from +6. Firms' pricing intentions eased to +22 percent from +29 percent.