Glimmer of light in ANZ business outlook

Mon, 11 May 2020

Business confidence – while still dire - showed some signs of dusting itself off according to ANZ Bank’s preliminary read for May.“As New Zealand emerges from a highly successful lockdown there’s a glimmer of light, but it’s at the end of a very long tunnel,” said ANZ Bank chief economist Sharon Zollner.Headline business confidence lifted 21 points versus April to -46 percent while own activity lifted 13 points to a net 42 percent expecting lower activity in the year ahead.“Reducing virus cases to negli...

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