New Zealand ANZ Business Confidence rose to -34.4 in June, up from May’s -41.8, but down from preliminary reading of -33.0. Activity Outlook index rose to -25.9, up from May’s -38.7 and preliminary reading of -29.1.

ANZ said “New Zealand is the envy of the world, with no social distancing measures imposed upon us and restaurants, bars, sporting events, all able to carry on as normal. But the fact remains, New Zealand with a closed border is a significantly smaller economy, at least in the near term, and the recession is just starting to make itself felt.”

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