NZ business confidence: Strong improvement in Q2

The New Zealand Institute of Economic Research (NZIER) quarterly Business Opinion Survey for Q2 rose to 19 vs 2 in Q1, which translates in a net 19% of frims expecting business conditions to improve.

Headlines

Q2 domestic trading gauge has risen to 22 from 8

For Q3 the outlook for domestic trading is at 19 (from 6)

Iimprovement in sentiment was widespread across the sectors and regions.