NZ business confidence rises to near 15-year high on surge in retailers’ sentiment

Thu, 28 Nov 2013

Nov. 28 (BusinessDesk) - New Zealand business confidence rose to near a 15-year high this month, led by a surge in sentiment among retailers and a happier agricultural sector. Expectations for hiring, investments, activity and pricing all rose. A net 60.5 percent of firms expect general business conditions to improve in the year ahead, up from 53.2 percent last month, according to the ANZ Business Outlook survey. Firms seeing a pickup in their own business activity in the year ahead held unchanged at 47.1 percent. ANZ’s composite indicator o...

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