New Zealand's business confidence surged 21 points to +27 in July, according to ANZ Business Outlook survey.
Business confidence in New Zealand surged 21 points to +27 in July, according to the ANZ Business Outlook survey. Firms' expectations for their own activity increased 4 points to +16. The upturn in business confidence could signify a positive ripple effect across various sectors of the economy, potentially driving growth and investment. However, ANZ chief economist Sharon Zollner described the rise as having "a bit of a ‘well, can't get any worse’ vibe to it", as the economy-wide indicator was looking very soft.
July 31, 2024
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