NZD likes the improvement in business confidence and activity

Author: Eamonn Sheridan | Category: News

The New Zealand data is here, a big improvement 

And, yes, still a ways to go. Activity improved also (at that link).
Both are coming from low bases. 

ANZ comments (in brief)
  • confidence up 16
  • own activity up 17 points
  • Other activity indicators also higher
  • inflation signals remain mixed
  • It's consistent with our forecast that growth will bottom out around 2%
Kiwi $ marked up on the data:

The New Zealand data is here, a big improvement 


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