New Zealand second-quarter business confidence improves, think tank says

WELLINGTON (Reuters) -New Zealand’s business confidence improved in the second quarter, a private think tank said on Tuesday, amid indications that inflationary pressures were easing. A net 22% of firms surveyed expected general business conditions to improve compared with 19% optimism in the previous quarter, the New Zealand Institute of Economic Research’s (NZIER) quarterly survey of business opinion showed. “We continue to see the divergence between firms experiencing weak demand and firms expecting a recovery in demand,” NZIER said in its report.Read More