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VIEW: ANZ note that "there are..........>

NEW ZEALAND
NEW ZEALAND: VIEW: ANZ note that "there are welcome signs of a bounce in
activity. But don't be fooled; while the disruption is easing, the recession is
just beginning. Based on our ANZ card data, the recent bounce in spending looks
lacklustre, especially once you factor in how much spending was "lost" during
lockdown. We don't expect the current buying flurry to continue, with the full
impact of economic weakness yet to be felt."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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