Investing.com – Business confidence in New Zealand increased in October, data showed on Wednesday.
In a report, the National Bank of New Zealand said its index of business confidence rose to 23.7 in October, after falling to 13.5 in September.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
According to the data, business confidence improved across all sub-components, led by lifts in services, manufacturing and retailing.
Following the release of the data, the New Zealand dollar was down against its U.S. counterpart, with NZD/USD falling 0.64% to hit 0.7444.
In a report, the National Bank of New Zealand said its index of business confidence rose to 23.7 in October, after falling to 13.5 in September.
On the index, a level above 0.0 indicates optimism, below indicates pessimism.
According to the data, business confidence improved across all sub-components, led by lifts in services, manufacturing and retailing.
Following the release of the data, the New Zealand dollar was down against its U.S. counterpart, with NZD/USD falling 0.64% to hit 0.7444.