New Zealand November 2024 Business Survey
Business confidence 64.9%
prior 65.7
Activity outlook 48.0%
prior 45.9
ANZ comments:
Business confidence eased 1 point to +65 in November, but expected
own activity rose 2 points to +48. Experienced own activity rose a point
to -10, while past employment lifted from -15 to -12.
Pricing intentions fell 2 points to a net 42% of firms intending to raise
prices in the next 3 months. The average amount by which they intend
to raise eased from 1.7% to 1.6%. In good news for the RBNZ, inflation
expectations dropped markedly from 2.8% to 2.5%, likely impacted by
the Q3 CPI print of 2.2% y/y.
***
Earlier from NZ today:
Data from New Zealand today confirms signs of still-rising unemployment
Yesterday:
ForexLive Asia-Pacific FX news wrap: RBNZ 50bp rate cut as expected, NZD jumped anyway
This article was written by Eamonn Sheridan at www.forexlive.com.
