New Zealand – ANZ Business Confidence for October: 26.5 (prior 13.4)

ANZ Business confidence for October, 26.5

• prior was 13.4

ANZ Activity Outlook for October, 37.8

• prior was 37.0

—

ANZ comments:

• Confidence still well down from February highs, but still above average
• 19.4% of businesses said they expect to be hiring more staff over the coming year (down 2 pts from September reading)
• “Readins across the broader survey measures are consistent with solid growth, employment and investment