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.
The latest reading was the highest since December 2021.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.