New Zealand Business Confidence at Highest Level Since 1994

52 percent of firms predicted a better economic climate six months from now

New Zealand business confidence strengthened to highest since 1994 as the economic recovery broadened across regions, the Quarterly Survey of Business Opinion from New Zealand Institute of Economic Research showed Tuesday.

In the fourth quarter of 2013, a net 52 percent of firms forecast business conditions to improve over the coming six months, up from 33 percent in September. The score was the highest since the second quarter of 1994.