30 Jun 2014
NZ business confidence wanes in June
FXStreet (Bali) - The New Zealand ANZ business confidence for June came at 42.8 vs 53.5 in May, while the ANZ activity outlook for June was 45.8 vs 51.00.
Cameron Bagrie, Chief Economist at ANZ, commented: "Optimists continue to well outnumber pessimists but business confidence and other survey measures are sliding. The Reserve Bank will be quite content; the economy needs to slow from a gallop to a canter if a boom-bust scenario is to be avoided. Growth signals remain strong, and inflation messages are waning: a good mix for keeping the OCR on the low side and the economy on a roll."
Cameron Bagrie, Chief Economist at ANZ, commented: "Optimists continue to well outnumber pessimists but business confidence and other survey measures are sliding. The Reserve Bank will be quite content; the economy needs to slow from a gallop to a canter if a boom-bust scenario is to be avoided. Growth signals remain strong, and inflation messages are waning: a good mix for keeping the OCR on the low side and the economy on a roll."