New Zealand business confidence improves, still weak: ANZ survey

NEW Zealand’s business confidence improved in January as the shock of the November Monetary Policy statement wore off, an ANZ Bank survey said on Friday.

The survey’s headline measure showed a net 52 per cent of respondents expected the economy to deteriorate over the year ahead, versus a 70.2 per cent pessimism level in the previous poll in December.

A net 15.8 per cent of respondents expected their own businesses to shrink in the next 12 months, versus a contraction of 25.5 per cent last month. REUTERS