The Grant Thornton International Business Report says business confidence for the next 12 months has fallen from 88 percent to 70 percent.
This narrows the business confidence gap with Australia, where companies have been buoyed by the first Abbott budget.
Mark Hucklesby from Grant Thornton New Zealand said on Wednesday he has witnessed election year jitters in several boardrooms in the past few weeks and overseas customers are also nervous about the outcome. . .
New Zealand is still 6th in the world which is encouraging.
But uncertainty affects confidence which makes it less likely for businesses to invest more and/or take on more staff.
Our electoral cycle is short by international standards.
Adding another year to it would lessen the braking affect elections have on business.