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Business confidence in New Zealand declined in November, according to survey results released Thursday by National Bank of NZ.
The bank's index of firms showed a net 43 percent expecting better times ahead, a decline of 5 percentage points from October.
The largest decline came from the construction sector, which fell 14 points.
NBNZ said improvement was seen in key sub-components of the survey.
A net 5.0 percent said they expect to hire personnel in the coming year. The survey showed 35 percent of businesses expect the jobless rate to increase over the year, a two-year low.
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