ANZ Business Confidence and Activity Outlook for September
ANZ Business Confidence -18.9
- The prior month's result of -29.1 was a 6 year low
Activity Outlook 16.7
- prior 12.2
ANZ remarks on the release, in brief:
- Agriculture the weakest sub sector
- Indicator points to 2%GDP growth
- Firms, consumers expecting a 'soft landing'
NZD is up a little on the data. The data is not great, but a bounce from dreadful confidence last month.