NZ: Business confidence bounced in September - ANZ

Analysts at ANZ note that the New Zealand’s headline business confidence bounced 12 points to -38 in September, its highest level since May.

Key Quotes

“Firms’ views of their own activity lifted 4 points to a net 8% of firms expecting an improvement.”

“Employment intentions and profit expectations also lifted, but investment intentions dropped further.”

“The retail sector remains particularly downbeat in terms of their expectations about both their own activity and profitability.”