From New Zealand:

  • ANZ Business confidence for August: 24.4 (prior was 39.7)
  • ANZ Activity Outlook for August: 36.6 (prior was 45.1)
  • 6th consecutive month of falls for confidence
  • Lowest confidence now since December 2012

From ANZ:

  • Confidence down 46 points from its peak (of 70.8) back in February (ahhh, the good old days …)
  • Both inflation expectations and pricing intentions fell in August

NZD on session lows after the release.

I wonder if this result will impact on the RBNZ’s rate hike schedule? Could it mean a pause for longer?