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.