All the signs are pointing in the right direction.
Just released this morning the BNZ’s latest confidence survey. A net 34% of over 400 respondents expect the NZ economy to improve over the coming year. This is up from a net 27% in March and a net 2% in November expecting that things would get worse.
There continue to be signs of improvement in residential real estate, manufacturing looks to be in reasonable shape, and agriculture is good though there is caution regarding the next season’s dairy payout.