A preview of the ANZ New Zealand monthly Business Outlook Survey, due at 0000GMT
- Business Confidence for December, prior -37.1
- Activity Outlook for December, prior 7.6
ASB have an interesting snippet (bolding is ASB's):
- Headline business confidence remained soft in November with firms' own-activity expectations, investment and employment intentions still weak. We are sceptical over the information content of this survey and believe weak sentiment is partly due to business unease about the change in policy direction rather than signalling a genuine growth slowdown. We believe the NZIER Quarterly Survey of Business Opinion, released in early January, will likely provide a more reliable guide to the underlying pace of economic activity over Q4.
Also, this via Westpac, looking at a factor that is expected to boost business confidence. Westpac highlighting policy too:
- there have been recent announcements of changes made to concessions made in order for the Government to get its Employment Relations Bill over the line. With changes to employment law one factor that has likely been weighing on sentiment, this could be viewed as a positive development by businesses.
