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New Zealand's business confidence hit an 11-year high in November, fueled by strong economic activity and job growth, though construction lagged.
New Zealand's business confidence hit an 11-year high in November, jumping nine points to 67, driven by stronger actual economic activity and rising employment across most sectors and regions, particularly Auckland and the South Island outside Canterbury.
The recovery is seen as grounded in real performance, not just optimism, with only construction lagging.
Inflation expectations stayed stable at 2.7%, though more firms plan to raise prices.
The Reserve Bank cut its interest rate by 25 basis points to 2.25%, but no further cuts are expected unless unforeseen events occur.
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La confianza empresarial de Nueva Zelanda alcanzó un máximo en 11 años en noviembre, impulsada por la fuerte actividad económica y el crecimiento del empleo, aunque la construcción se rezagó.