New Zealand Business Confidence Rises in March, ANZ Bank Says

New Zealand business confidence rose to a seven-month high in March, while a second gauge of sales and profits also advanced, according to a survey by ANZ National Bank Ltd.

A net 33.8 percent of companies expect the economy will improve over the next 12 months, up from 28 percent in February, according to the survey released in Wellington today.

A measure of expectations for companies’ own sales and earnings increased to 38.8 percent from 31.2 percent in February. The net figure subtracts the number of pessimists from the number of optimists.

To contact the reporter on this story: Tracy Withers in Wellington at twithers@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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