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flag New Zealand's business confidence rises, but recovery remains slower than anticipated.

flag Business confidence in New Zealand rose significantly in June, up 9 points to 46.3%, with more firms expecting better conditions, partly due to eased tariffs. flag However, recent business activity and employment indicators remained weak. flag Consumer confidence also increased by six points but stayed below optimism levels. flag Inflation expectations are high, with 46% of businesses planning to raise prices. flag Despite this, a private think tank noted that inflationary pressures may be easing, with some firms reducing prices. flag Overall, the economy is recovering but more slowly than expected.

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