Businesses start to crawl out of their despondency

By Jenny Ruth | Thu, 28 Nov 2019


Businesses haven't exactly snapped out of their gloom but are feeling better than they've been all year with farmers and retailers leading the charge, according to ANZ Bank's latest survey. It found a net 26 percent of businesses still expect business conditions to deteriorate in the next 12 months but that's a good deal better than October's reading of a net 42 percent and September's 54 percent. "While still not a great level, this is the highest read in 2019," says ANZ New Zealand chief economist Sharon Zollner. And a net 13 percent...