ANZ New Zealand business survey for December 2024:
Business confidence eased 3 points to +62 in Decemberbut expected own activity rose 2 points to +50past own activity (the best GDP indicator) jumped 10 points to 0. Past employment fell 1 point to -13. Pricing indicators and inflation expectations were little changed, but there was a surprising 7-point jump in cost expectations from a net 63% to a net 70% expecting higher costs in the next three months.
more to come
Earlier from NZ:
New Zealand “dramatically worse than anyone had expected” – RBNZ could cut by 75bp in FebNew Zealand Q3 GDP -1.0% q/q (vs. -0.4% expected)New Zealand dollar falls even further after GDP plunges
This article was written by Eamonn Sheridan at www.forexlive.com.
