BNZ Confidence Survey Results, May 11 2009

BNZ Confidence Survey Results

Our monthly BNZ Confidence Survey has revealed a substantial improvement in sentiment over the past month. A net 27% of respondents feel the economy will improve over the coming year. This is well up from balanced expectations in April and a net 23% pessimistic in March. It is also the equal highest reading on record – though we interpret this more as a sigh of relief lift in confidence rather than an indicator of strong economic activity levels in the near future.

In many industries respondents have noted some small improvement in orders recently and in residential real estate buyer enquiry is strong with listings in increasingly short supply.

Full BNZ Confidence Survey Results (pdf)

ENDS

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