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- Kiwis can fly says ANZ in the latest Business Outlook
Kiwis can fly says ANZ in the latest Business Outlook
Business confidence lifted in June and broader survey sentiment also rose.
Firms are upbeat about their own prospects, and keen to hire and invest.
Our composite growth indicator is pointing to 4% GDP growth.
That's a stretch, but the economy is running faster than current real GDP
growth (2.5%) would suggest. Expect "official" growth to lift.
Inflation expectations are anchored at 2%.
The economy has good upwind speed. A net 25% of businesses are optimistic about the year ahead. That's up 10 points on the month prior and is the highest level since September 2016. Sentiment lifted across all sectors but most notably for agriculture. The service sector sits at the bow (+33).
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