New Zealand data today is expected to show strong inflationary pressure

Author: Eamonn Sheridan | Category: News

Due at 0100 GMT are the flash readings for the ANZ business survey for April (i.e. preliminary results)

  • Business Confidence prior -4.1

  • Activity Outlook prior 16.6

A couple of snippets from previews, BNZ:
  • expected to show strong inflationary pressure alongside middling activity indicators.
Westpac:
  • April is likely to see a deterioration in the ANZ Business Outlook survey and a continued divergence across sectors. 
  • In late March, the Government announced major interventions in the housing market. These changes are likely to be a drag on house prices and confidence.


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