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Story summary
- New Zealand business confidence, per the November Australia and New Zealand Banking Group (ANZ) Business Outlook, rose to 67, its highest in 11 years.
- A net 67.1% of respondents expect the economy to improve over the next year, up from 58.1% in October.
- Meanwhile, 53.1% expect growth in their own businesses, up from 44.6%.
- Sharon Zollner, the ANZ chief economist, says the improvement reflects actual activity, not just optimism.
