Dented business confidence slowly on the mend

Thu, 08 Oct 2020

The preliminary ANZ Business Outlook data for October showed some further improvement in activity indicators as firms said conditions are continuing to get better.Business confidence lifted 14 points to a net minus 15 percent, while their own activity lifted 9 points to a net 4 percent reading. These indicators are now back in 2019 ranges.Sharon Zollner, ANZ Bank NZ chief economist, said the own activity reading “doesn’t count as strong” but is a dramatic turnaround from the minus 55 percent level in April.Still, because the s...

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