New Zealand business confidence recovers slightly in June, ANZ survey shows

 

WELLINGTON (Reuters) - New Zealand business sentiment improved slightly in June as the country lifted a lockdown after having largely contained the coronavirus outbreak, a preliminary reading of an ANZ Bank survey showed on Tuesday.

The survey’s headline measure showed a net 33.0% of respondents expected the economy to deteriorate over the year ahead. This is an improvement on the 41.8% pessimism level in the final survey at the end of May.

A net 29.1% of respondents expected weaker activity for their own businesses in the next 12 months, from 38.7% who had expected softer conditions at the end of last month.