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Reuters
Reuters
Business

New Zealand business confidence turns positive first time since August 2017

FILE PHOTO: People walk on Lambton Quay street in Wellington, New Zealand July 23, 2020. REUTERS/Praveen Menon

New Zealand business sentiment jumped to multi-year highs in December, turning positive for the first time since August 2017, an ANZ Bank survey showed on Friday.

The survey's headline measure showed a net 9.4% of respondents expected the economy to improve over the year ahead. It compared with net 6.9% pessimism in the previous poll in November.

A net 21.7% of respondents expected their own businesses to grow in the next 12 months, the highest level since March 2018, compared with 9.1% last month.

(Reporting by Praveen Menon; Editing by Tom Hogue)

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