New Zealand business confidence jumps in November to highest in a decade

[SYDNEY] New Zealand’s business confidence jumped in November to its highest level in 11 years, suggesting an economic recovery was underway, an ANZ Bank survey showed on Thursday.

A net 67.1 per cent of respondents expected the economy to improve over the year ahead, versus a 58.1 per cent optimism level in October, while 53.1 per cent expected their own businesses to grow, versus 44.6 per cent. REUTERS