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New Zealand business confidence improves in May

Published 05/28/2019, 09:12 PM
Updated 05/28/2019, 09:15 PM
© Reuters. A rainbow appears on the Auckland skyline featuring Sky Tower in New Zealand

WELLINGTON (Reuters) - New Zealand business sentiment lifted six points in May, an ANZ Bank survey showed on Wednesday.

The survey's headline measure showed a net 32.0 percent of respondents expected the economy to deteriorate over the year ahead. That compared with a 37.5 percent pessimism level in the previous poll in April.

© Reuters. A rainbow appears on the Auckland skyline featuring Sky Tower in New Zealand

A net 8.5 percent of respondents expected their own businesses to grow in the next 12 months, from 7.1 percent last month.

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