New Zealand business confidence improves in May

May 29, 2019

WELLINGTON (Reuters) – New Zealand business sentiment lifted six points in May, an ANZ Bank survey showed on Wednesday.

The survey’s headline measure showed a net 32.0 percent of respondents expected the economy to deteriorate over the year ahead. That compared with a 37.5 percent pessimism level in the previous poll in April.

A net 8.5 percent of respondents expected their own businesses to grow in the next 12 months, from 7.1 percent last month.

(Reporting by Praveen Menon; Editing by Sam Holmes)

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