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- New Zealand’s business confidence improves significantly in September
New Zealand’s business confidence improves significantly in September
The Australian
and New Zealand Banking Group (ANZ) revealed Wednesday its business confidence
index in New Zealand jumped to -28.5 in September from -41.8 in August. This
was the highest reading since February, but slightly lower than the preliminary
estimate of -26.0, which was reported earlier this month.
According to
the report, most major sub-indices have lifted since August. The Activity
Outlook increased to -5.4 in September from -17.5 in August, while Export
Intentions rose to -4.7 from -20.0, Investment Intentions grew to 0.3 from -15.2,
Employment Intentions improved to -11.8 from -23.6 and Profit Expectations went
up to -24.4 from -33.4. Sector-wise, agriculture and construction were the most
optimistic sectors, while services and retail the least.
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