NZ business confidence rises to highest level in almost 20 years; New Zealand dollar jumps

Fri, 28 Feb 2014

By Tina Morrison Feb. 28 (BusinessDesk) – New Zealand business confidence rose to its highest level in almost 20 years in February, indicating strong economic growth this year. A net 70.8 percent of firms are optimistic about general business conditions this month, up from 64.1 percent in December and the highest level since March 1994, according to the ANZ Business Outlook survey. The New Zealand dollar jumped as high as 83.95 US cents from 83.61 cents immediately before the 1pm release, and was recently trading at 83.93 cents. Firms seein...

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