NZ business confidence climbed to 19-month high, with exports the laggard

Thu, 28 Feb 2013

Feb. 28 (BusinessDesk) – New Zealand business confidence rose to a 19-month high this month, with gains in all five sectors tracked as companies become more bullish about investment, profits and hiring. A net 39.4 percent of firms polled in the ANZ Business Outlook expect general business conditions to improve in the year ahead, up from 23 percent a month earlier. A net 38 percent of firms are more optimistic about their own prospects, up from 31 percent. The monthly survey follows other signs that the economy is picking up. The benchmark NZ...

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