New Zealand: Business confidence improves slightly in April following six-month low
April 29, 2016
In April, confidence among firms recovered part of the ground lost in March, when business sentiment fell to the lowest level since September 2015. According to the ANZ Bank Business Outlook indicator, in April a net 6.2% of surveyed firms expect better economic conditions in the next 12 months. The result came in above the net 3.2% registered in March. Nonetheless, business confidence continues to hover just above the 0%-threshold that separates optimists from pessimists.
ANZ indicated that gains were registered in retail, construction and services. Meanwhile, business confidence among agricultural firms improved compared to the previous month, but is still weak.
Author: Ricardo Aceves, Senior Economist