Free Trial
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 Roy Morgan consumer confidence fell sharply in March by 8.6% bringing the level to its lowest in six months. Both the assessment of current and future conditions and most components were weaker. ANZ believes that the slowing economy and easing labour market as well as talk of “recession” drove the decline.
- ANZ believes that sentiment took a hit from media reports of a “recession” after Q4 GDP showed the economy had shrunk for two consecutive quarters. Responses after Q4 GDP was released on March 21 were “markedly weaker” than those from earlier in the month, but all weeks showed a decline on February.
- Inflation expectations for two years ahead were steady at 4.5% but still above pre-pandemic levels and so the RBNZ would likely want to see them fall further to ensure wage inflation follows.
- Perceptions of the economic outlook were particularly weak falling 14 points for a year ahead and 10 for 5-years. Personal finance and time to buy were also soft.
NZ ANZ Roy Morgan consumer confidence
Source: MNI - Market News/Refinitiv
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok