OctaFX | OctaFX Forex Broker
Open trading account

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%

Read more Previous

NZD/USD being pressured to the downside

NZD/USD is trading at 0.8365, down -0.20% on the day, having posted a daily high at 0.8386 and low at 0.8365.
Read more Next
Start livechat