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NEW ZEALAND: ANZ Business Survey Points To Turning Point

NEW ZEALAND

After extremely weak Q3 growth data, the ANZ business survey continued to sound a more positive note with the outlook rising to 50.3 from 48.0 in December. Business confidence was down moderately to 62.3 from 64.9, but remains elevated. According to this survey, Q4 should see an improvement in activity as the past own activity rose 10 points to be at zero.

NZ ANZ business confidence vs activity outlook

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After extremely weak Q3 growth data, the ANZ business survey continued to sound a more positive note with the outlook rising to 50.3 from 48.0 in December. Business confidence was down moderately to 62.3 from 64.9, but remains elevated. According to this survey, Q4 should see an improvement in activity as the past own activity rose 10 points to be at zero.

NZ ANZ business confidence vs activity outlook

Keep reading...Show less