ANZ says business confidence is running an orange light

"We could hardly be accused of wild optimism," says ANZ chief economist, Sharon Zollner. (Image: NZME)

Mon, 31 Jul 2023

ANZ's monthly survey has found business confidence has risen to its highest level since September 2021.The research indicated business confidence was up five points in July but was still in negative territory at net -18.The survey recorded firms’ expected own activity eased two points to net +1.“The economy is slowing, but certainly not coming to a sudden stop,” ANZ chief economist Sharon Zollner said.The research found retail, manufacturing and services sectors saw the biggest improvement in activity indicators over the m...

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