Business confidence seems to have had a dose of midwinter blues, with firms turning pessimistic about the broad economic outlook and less optimistic about their own prospects.
Supermarket operators not behaving as they should need to analyse whether they have consumers’ best interests at heart, Commerce and Consumer Affairs Minister David Clark says.
The Commerce Commission says New Zealand has comparatively high grocery prices and major supermarkets need more competition if consumers are to get cheaper food.
The country’s main supermarket chains could be in for a shake up when the Commerce Commission releases its draft investigation into the groceries industry.