NZIER (New Zealand Institute of Economic Research) Business Opinion Survey for Q3,19.0
- prior was 32
–
This is not a high-priority FX market data point, but it all goes into the mix!
–
More added:
Comments from NZIER economist Shamubeel Eaqub:
- Sees RBNZ on hold until 1Q 2016
- Says moderating economy, mixed messages on capacity means the RBNZ will have a wait and see approach to next move on interest rates
- Moderation was widespread across indicators and sectors
- Survey results consistent with annual growth of 2.8%
- Costs, prices have increased consistent with CPI inflation of about 2.5% by early 2015
- “Moderating confidence and mixed economic news in recent months suggest a more uncertain economic outlook”
