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Publish Date: Thu, 29 Aug 2024, 01:22 AM
SYDNEY, Aug 29 (Reuters) - New Zealand's business confidence jumped in August to the highest level in a decade as forward-looking activity indicators rose strongly, an ANZ Bank survey showed on Thursday.
The survey's headline measure showed a net 50.6% of respondents expected the economy to improve over the year ahead, versus a 27.1% optimism level in the previous poll in July.
A net 37.1% of respondents expected their own businesses to grow in the next 12 months, a seven-year high, versus 16.3% last month.
"Things are looking up, albeit from a pretty dark place for many firms," ANZ Chief Economist Sharon Zollner said in a statement.
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https://www.reuters.com/world/asia-pacific/new-zealand-business-confidence-soars-august-anz-survey-shows-2024-08-29/