August data from ANZ's Business Survey
ANZ Activity Outlook
- prior 40.3
Business Confidence
- prior 19.4
ANZ's summary of the release (bolding mine):
- Business confidence was largely unchanged on last month; the headline was down a tad but seasonally adjusted estimates were up.
- Activity, employment and investment expectations all remain at healthy levels and consistent with good GDP growth.
- Inflation indicators softened.
The votes are in and optimists continue to outnumber pessimists. Firms remain upbeat, according to the ANZ Business Outlook Survey. A net 18% of businesses are optimistic about the year ahead. That's down a smidgen from last month, but in seasonally adjusted terms business confidence actually lifted, from +27 to +30.
Firms ... good growth for their own business, and are keen to hire and invest.
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While down a touch another solid reading on the NZ economy. NZD is little changed.
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ANZ's Business Outlook Survey is conducted monthly
- Around 1,500 businesses nationwide
- Used as leading barometer for the economy
