NZ business confidence gains as farmers shake off the drought blues

Fri, 31 May 2013

May 31 (BusinessDesk) - New Zealand business confidence rose for the first time in three months, helped by a rebound in sentiment in the agricultural sector and increasing optimism from construction firms. A net 42 percent of firms expect general business conditions to improve in the year ahead, according to the ANZ Business Outlook, up from 32 percent in the April survey. Firms seeing a pickup in their own business activity in the year ahead improved to 34 percent from 30.3 percent. Sentiment in agriculture bounced back ahead of Fonterra’s...

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