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Economy And The Numbers

New Zealand Business Confidence Improves Strongly To -52.0, Outlook Still Gloomy

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Business sentiment in New Zealand improved strongly at the start of the year from a record low in December, as the shock of November's interest rate hike and recession worries eased in the economy, though the mood remained gloomy about the outlook amid intense inflationary pressures and the prospect of more policy tightening by the central bank, survey results from ANZ showed on Friday.

The business sentiment index rose by 18 points to -52 in January from -70.2 in the previous month, driven by the retail and manufacturing segments, the ANZ Business Outlook survey showed.

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