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Demand And Inflation Pressures Easing

NEW ZEALAND

ANZ business confidence and activity outlook for May fell to their lowest since September last year as the economic environment continued to deteriorate. Confidence fell to 11.2 from 14.9 and the outlook to 11.8 from 14.3 due to weakening construction and services. Price and cost measures eased which should be welcome news for the RBNZ. Capacity pressures also moderated further.

NZ ANZ business confidence vs activity outlook

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ANZ business confidence and activity outlook for May fell to their lowest since September last year as the economic environment continued to deteriorate. Confidence fell to 11.2 from 14.9 and the outlook to 11.8 from 14.3 due to weakening construction and services. Price and cost measures eased which should be welcome news for the RBNZ. Capacity pressures also moderated further.

NZ ANZ business confidence vs activity outlook

Keep reading...Show less