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29 May 2015
NZ ANZ business confidence recedes in May
FXStreet (Bali) - New Zealand ANZ Business Confidence came at 15.7 (April) vs previous 30.2, with the ANZ Activity Outlook down to 32.6% in May from previous 41.3%.
Summary - Cameron Bagrie, Chief Economist at ANZ
"Business confidence and firms’ signals on the employment, investment and activity front are receding. They’re receding from high levels though, so let’s keep it in perspective."
"The growth side of the economy still looks okay; optimism is just progressively being tempered. There are risks though, and declines are looking more trend-like."
"Inflation expectations fell to a historical low. A low headline inflation rate will be playing a role, but it’s notable that inflation expectations are tracking below the inflation target midpoint; that’s unusual."
Summary - Cameron Bagrie, Chief Economist at ANZ
"Business confidence and firms’ signals on the employment, investment and activity front are receding. They’re receding from high levels though, so let’s keep it in perspective."
"The growth side of the economy still looks okay; optimism is just progressively being tempered. There are risks though, and declines are looking more trend-like."
"Inflation expectations fell to a historical low. A low headline inflation rate will be playing a role, but it’s notable that inflation expectations are tracking below the inflation target midpoint; that’s unusual."