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NZ business confidence: sixth successive month of falls

FXStreet (Bali) - New Zealand ANZ activity outlook came at 36.6% vs previous 45.1%, while business confidence also kept shrinking to 24.4% vs 39.7%.

Cameron Bagrie, Chief Economist at ANZ, stated:

"Waning business sentiment is turning into a trend, declining for the sixth successive month."

"The level of confidence is still consistent with solid momentum and growth."

"The economy has semblances of Goldilocks; good growth and low inflation is a powerful mix."

"The economic expansion still has powerful support facets. However, there are clearly more risks to manage."

New Zealand ANZ Activity Outlook: 36.6% vs previous 45.1%

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