WELLINGTON, March 31 New Zealand business
sentiment dropped in March, hit by the downturn in dairy prices,
an ANZ Bank survey showed on Friday.
The survey's headline measure showed a net 11.3 percent of
respondents expected the economy to improve over the year ahead,
versus a 16.6 percent optimism level in the previous poll.
Nonetheless, a net 38.8 percent of respondents expected
their own businesses to grow in the next 12 months, up from 37.2
percent last month.
Inflation expectations on a 12-month horizon rose to 1.83
percent compared with 1.73 percent in the previous survey.
(Reporting by Charlotte Greenfield; Editing by Eric Meijer)