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NEW ZEALAND: In the release of the latest ANZ business confidence survey, the
compilers noted that "headline business confidence bounced 12 points to -38 in
September, its highest level since May. Firms' views of their own activity
lifted 4 points to a net 8% of firms expecting an improvement. Employment
intentions and profit expectations also lifted, but investment intentions
dropped further. The retail sector remains particularly downbeat in terms of
their expectations about both their own activity and profitability."