New Zealand ANZ business survey for September

Business Confidence -28.5

  • preliminary was -26.0 vs. prior -41.8

Activity Outlook -5.4

  • preliminary was -9.9 vs. prior -17.5

ANZ comments (main points)

  • Activity indicators in the ANZ Business Outlook survey lifted a little further from their early-September preliminary reads.
  • Headline business confidence, at -28.5%, was a smidgen lower than the early-month read, but own activity was higher, at -5.4%. Investment and employment intentions and profit expectations also crept higher.
  • Agriculture and construction are the most optimistic sectors; services and retail the least.

more to come