SYDNEY, June 29 (Reuters) - New Zealand's business confidence improved in June, hitting the highest read since November 2021, while expected own activity moved to positive territory for the first time in 14 months, an ANZ Bank survey showed on Thursday.
A net 2.7% of respondents expected their own businesses to grow in the next 12 months, versus 4.5% last month who saw contraction coming.
"June saw activity indicators lift in a reasonably broad-based fashion.
While the levels of many are still subdued, firms appear to be cautiously optimistic that the worst may be over," ANZ Chief Economist Sharon Zollner said in a statement.
Reporting by Renju Jose in Sydney; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.
Persons:
Sharon Zollner, Renju Jose, Himani Sarkar
Organizations:
SYDNEY, ANZ Bank, ANZ, Thomson
Locations:
Sydney