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New Zealand March business confidence -43.4% vs. -43.3% in February | Forexlive

ANZ New Zealand business survey

  • business confidence -43.4% vs. -43.3% in February
  • activity outlook -8.5%% vs. -9.5% in February

ANZ comments on the key themes of the March survey:

  • Retail, construction and agriculture respondents were generally more
    upbeat, while manufacturing and services firms became more
    pessimistic.
  • The headline inflation and pricing indicators eased a smidgen (figure 2).
    Pricing intentions have turned downwards the most convincingly (while
    still being problematically high), but inflation expectations are finally
    starting to look as though they may have turned lower too. The net
    proportion of firms experiencing higher costs remains extremely high.