New Zealand business confidence at a 10-year high in August, due to falling interest rates and economic upturn expectations.
Business confidence in New Zealand reached a 10-year high in August, according to the ANZ Business Outlook survey, rising 23 points to a net 51% optimism. The "expected own activity" measure also increased by 21 points to a seven-year high of 37%. The confidence boost is attributed to falling interest rates and expectations of an economic upturn. However, reported past activity remains weak, and it's too early to determine whether the increased confidence will be sustained.
August 29, 2024
26 Articles