29 Mar 2016
New Zealand: The week ahead – Deutsche Bank
Research Team at Deutsche Bank, suggests that looking at the week ahead for the NZ, they expect that most interest will centre on Thursday’s ANZ Business Outlook Survey.
Key Quotes
“Most of the key confidence and activity indicators softened last month as global economic and financial news weighed. We expect these indicators to be broadly stable this month (note that most responses to the survey were probably received ahead of the RBNZ’s surprise rate cut).
Also of interest will be the inflation indicators from the survey – clearly a key focus for the RBNZ – with year-ahead inflation expectations falling to a record low in the February survey. The ANZ survey aside the only other diary entries this week are the February building consents report (dwelling consents should rebound after volatile apartment consents fell to a sub-trend level in January) and the RBNZ’s February money and credit aggregates.”
Key Quotes
“Most of the key confidence and activity indicators softened last month as global economic and financial news weighed. We expect these indicators to be broadly stable this month (note that most responses to the survey were probably received ahead of the RBNZ’s surprise rate cut).
Also of interest will be the inflation indicators from the survey – clearly a key focus for the RBNZ – with year-ahead inflation expectations falling to a record low in the February survey. The ANZ survey aside the only other diary entries this week are the February building consents report (dwelling consents should rebound after volatile apartment consents fell to a sub-trend level in January) and the RBNZ’s February money and credit aggregates.”