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New Zealand business confidence jumps just shy of a 15yr high!

FXstreet.com (Barcelona) – New Zealand business confidence sentiment rose significantly in November, lifted from 53 to 61, just shy of a 15-year high for the series.

As Cameron Bagrie, Chief Economist at ANZ, notes: “Business sentiment is riding a wave of optimism, with a lift in business
confidence measured right across the board. Our composite indicator, incorporating both business and consumer confidence, is signalling potential for annual economic growth of around 5% by mid-2014… we agree with the spirit of strong growth ahead.”

ANZ official report

“On a major divisional basis the retail sector recorded the largest lift in confidence in November, rising …read more