New Zealand business confidence jumped in June as firms appear more optimistic about the future and more willing to invest and hire workers despite global uncertainties, an ANZ Bank survey showed on Tuesday.
A net 36.6% of respondents expected the economy to improve over the year ahead, up from 10.0% in May, while 36.9% expected their own activity to grow, up from 25.6% in May.
"The lift in activity indicators wasn't a knee-jerk reaction to the sharp fall in oil prices that occurred mid-month - the improvement was already present in the responses in the first days of the month," the survey said.