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.