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NEW ZEALAND: More Positive Outlook But Pricing Intentions Trending Higher

NEW ZEALAND

Business sentiment continues to improve following 75bp of RBNZ easing. October ANZ business confidence rose almost 5 points to 65.7 and the activity outlook 0.6 points to 45.9, both are the highest in over 10 years. Current activity remains depressed but improved 8 points this month. Inflation expectations eased but pricing intentions continued to drift higher, something the RBNZ is likely to monitor.

NZ ANZ business confidence vs outlook

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Business sentiment continues to improve following 75bp of RBNZ easing. October ANZ business confidence rose almost 5 points to 65.7 and the activity outlook 0.6 points to 45.9, both are the highest in over 10 years. Current activity remains depressed but improved 8 points this month. Inflation expectations eased but pricing intentions continued to drift higher, something the RBNZ is likely to monitor.

NZ ANZ business confidence vs outlook

Keep reading...Show less