Businesses are buoyant with many confidence indicators, including the recently released PMI, sitting at, or near, decade-long highs. This is the case despite an elevated NZD and an uncertain global environment. Indeed, it is heartening to see that even those who are externally focussed are relatively up-beat. What this reveals is that local businesses are making the most of: strong domestic demand; increased primary sector output; our increasing exposure to the faster growing economies of Asia; and gains in competitiveness, enforced by a trying external environment.
Read the full report:Economic Research
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