Bloomberg News

N.Z. September Business Confidence Rises, BNZ Survey Shows

September 04, 2011

Sept. 5 (Bloomberg) -- New Zealand business confidence rose this month after slumping to a four-month low in August amid global financial turmoil, according to a Bank of New Zealand Ltd. survey of 531 companies in the week ended Sept.2.

The proportion of optimists expecting the economy to be better in a year’s time rose to 53 percent from 45 percent in August, while pessimism dropped to 16 percent from 23 percent, the Wellington-based lender said in an e-mailed report. The level of optimism was 59 percent in July.

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