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The index of business confidence in New Zealand, published by the ANZ Bank in June was 20.2, which is significantly higher than the previous value of 11.3. This figure was the highest since December 2015.
The business confidence index assesses the business outlook in New Zealand. Business confidence allows us to analyze the economic situation in the short term. The growth of the index indicates an increase in business investment, which helps production.
The outlook on the business activity, which is a review of the results of surveys on business prospects in the New Zealand economy as a whole, rose to 35.1 in June from 30.4 the previous value.
The ANZ also expect inflation in the next year to 1.49% from the previous forecast of 1.39%.
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