An index measuring business confidence in New Zealand came in with a score of 67.3 in March, ANZ Bank said on Monday – easing from the 20-year high score of 70.8 in February.
The activity outlook came in with a score of 58.2, easing from 58.5 in the previous month.
“Our composite indicator, incorporating both business and consumer confidence, is still signaling the potential for annual economic growth of around 6 percent by mid-2014,” ANZ Chief Economist Cameron Bagrie said in a release accompanying the data. “The economy doesn’t have the capacity to expand that fast but will nonetheless grow strongly.”
Published: 2014-03-31 01:35:00 UTC+00
New Zealand Business Confidence 67.3 In March
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