NZ data – ANZ (May) business confidence 38.3 (prior 11.0) & activity outlook 14.9 (37.7)

Forex

ANZ’s monthly Business Outlook Survey

Both the confidence and activity indicators beating the previous month’s readings

ANZ’s summary: “Bodacious”

  • Business confidence lifted in May
  • Broader survey gauges are very positive on the outlook for the economy
  • Our composite growth indicator is pointing to 3½-4% GDP growth
  • Inflation expectations (finally) hit 2%

ANZ’s Business Outlook Survey

  • Monthly survey including 1,500 businesses nationwide
  • Analyses where the economy will be going over the next 12 months.
  • The ANZ Business Outlook is a key leading barometer for the economy, relying on the input of New Zealand businesses which has proven to be very adept at picking economic developments

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