New Zealand data - ANZ business survey for June, final

Business Confidence -34.4

  • preliminary -33.0, prior -41.8

Activity Outlook -25.9

  • preliminary -29.1, prior -38.7

ANZ comments:

  • Activity indicators mostly continued to creep higher over June
  • remain at recessionary levels
  • Employment indicators are particularly grim
  • good to see a bounce in retail sector activity expectations