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NZ - May ANZ Business Confidence 11.3 (prior 6.2) & Activity Outlook 30.4 (32.1)

ANZ with Business Confidence and Activity Outlook for New Zealand in May

Business Confidence jump to 11.3

  • prior 6.2

Activity Outlook down to 30.4

  • prior 32.1

ANZ also reporting that inflation expectations (one-year out) fell to 1.39%

ANZ comment on the results - economy going at a 'decent clip' (i.e. decent pace), with a 'solid base':

  • Migration strong
  • House prices 'booming'
  • Construction sector upbeat

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NZD back near its session high (its benefitting from pretty much across the board US dollar weakness so far this session).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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