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Analysts at ANZ note that the New Zealand’s headline business confidence bounced 12 points to -38 in September, its highest level since May.

Key Quotes

“Firms’ views of their own activity lifted 4 points to a net 8% of firms expecting an improvement.”

“Employment intentions and profit expectations also lifted, but investment intentions dropped further.”

“The retail sector remains particularly downbeat in terms of their expectations about both their own activity and profitability.”