Pessimism among New Zealand's businesses decreased sharply in May amid a rebound in several activity indicators though inflation worries persisted, survey data from the ANZ showed Wednesday.
The business confidence index survey balance gained 13 points to -31.1 from from -43.8 in April, the ANZ New Zealand Business Outlook survey showed. Economists had forecast a score of 43.4.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.