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