Optimism is rising among businesses - largely driven by construction. 

ANZ's October business outlook has business confidence up five points on 66, in a 10-year high. 

Meanwhile, the proportion of businesses feeling they're faring well, has climbed to -11 in the highest point since March. 

Chief economist Sharon Zollner says it boils down to interest rates. 

She says fewer construction firms say they're not busy than a year ago - and she explained conditions are tough, but things are starting to look up a little.

LISTEN ABOVE

Optimism is rising among businesses - largely driven by construction.&nbsp;
ANZ's October business outlook has business confidence up five points on 66, in a 10-year high.&nbsp;
Meanwhile, the proportion of businesses feeling they're faring well, has climbed to -11 in the highest point since March.&nbsp;
Chief economist Sharon Zollner says it boils down to interest rates.&nbsp;
She says fewer construction firms say they're not busy than a year ago - and she explained conditions are tough, but things are starting to look up a little.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Sharon Zollner: ANZ Chief Economist on construction leading the return of optimism to the business sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/85a08eb9-e5f5-4d32-9bd2-b21a00532d33/transcript

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