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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NEW ZEALAND
ANZ activity indicators for November were very soft with the activity outlook falling to -13.7, the worst since the pandemic-affected August 2020 reading. Business confidence fell to -57.1, the second consecutive monthly fall and the worst since June 2022. Both series are well below their long-term averages of +24.5 and +4.6 respectively. The RBNZ’s 400bp of tightening appears to be impacting business sentiment and further data prints such as this are likely to mean a slowing in the pace of tightening in February 2023.
NZ Growth outlook
Source: MNI - Market News/Refinitiv/ANZ
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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