Businesses still gloomy, but less so

Wed, 30 Sep 2020

New Zealand businesses are “hanging in there,” but activity indicators remain subdued relative to pre-covid levels and are ominously reminiscent of the 2009 recession, an ANZ survey shows.The final September ANZ business outlook showed firms’ own activity expectations and business confidence both improved since August. Headline business confidence was a net minus 28.5 percent, up from minus 41.8.Firms’ expectations for their own activity, considered the better economic indicator, bounced from its lows but was still at a...

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