Business confidence falls in Auckland

Business confidence in Auckland has stalled, according to a survey of more than 1200 companies.

The Auckland Chamber of Commerce quarterly confidence survey found the number of business people expecting the economy to pick up has fallen from 58 per cent in September to 44 per cent this month.

At the same time the number believing it will deteriorate has risen from 6 per cent to 12 per cent and those who think it will stay the same have risen from 36 per cent to 43 per cent.