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Alongside the release of their..........>

NEW ZEALAND
NEW ZEALAND: Alongside the release of their preliminary May Business Confidence
survey ANZ noted that "Business confidence jumped 21 points to -46% in the
preliminary May read of the ANZ Business Outlook survey. Own activity lifted 13
points, with a net 42% of firms expecting lower activity for their firm in the
year ahead. All forward-looking activity indicators lifted from April levels but
they remain extremely weak. Backward-looking indicators are deteriorating.
Pricing and cost indicators remain very subdued."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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