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BNZ Monthly Confidence Survey Results

Attached please find the results of our latest monthly survey of Weekly Overview readers.

There has been a further improvement in net sentiment recorded within our monthly survey with a net 23% of respondents expecting the economy will get worse over the next 12 months compared with a net 29% in April and 73% in December. Pessimism is now almost back to the reading in our first survey in February last year and this movement appears in line with improvements recorded in other sentiment surveys.

Best regards

Tony Alexander
Chief Economist
Bank of New Zealand

See... http://img.scoop.co.nz/media/pdfs/0605/Results_May9.pdf

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