NZ business confidence rises

Confidence is on the rise in New Zealand businesses.

The latest Regus figures shows a significant increase in the number of businesses recording increasing profitability and revenue turnover compared to this time six months ago.

Revenue rose from 32 percent in April to 60 percent.

The number of companies reporting profit growth also increased to 44 percent from 28 percent in April.

Kiwi businesses tagged access to affordable credit and cash-flow management as key to growth.

The Regus Business Confidence Index canvassed views from more than 24,000 business leaders and managers across 92 countries.

It's found global business confidence overall has dipped over the past six months, falling from 113 to 111 on the index since the last survey in April.

In contrast New Zealand business confidence has climbed 17 points from 103 points to 120.

It shows the New Zealand economy is ahead and far more confident than those in the UK (94 points), Australia (116 points) and China (110 points).

Photo: stock.xchng