New Zealand ANZ business confidence recovery to -45.6, glimmer of light at the end of a very long tunnel

<p>New Zealand ANZ Business Confidence rebounded from -66.6 to -45.6 in May’s preliminary reading. Own activity outlook rose from -55.1 to -42.0. Looking at some details, a net 45% of firms expect to cut jobs and a net 38% expect to reduce investment. A net 30% of firms expect lower capacity utilization. ANZ said: “As […]</p>
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