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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/f5820bd3-0fae-4aee-b8a6-b21a005325b3/transcript

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