29 Apr 2015
NZ Business confidence continues to oscillate - ANZ
FXStreet (Bali) - New Zealand ANZ Activity Outlook came at 41.3% (April) vs previous 42.2%, printing 30.2 vs 35.8.
Quotes from Cameron Bagrie, Chief Economist at ANZ
"Business confidence and firms’ signals on the employment, investment and activity fronts continue to oscillate, as opposed to trend."
"They are holding onto high levels, consistent with an economy entrenched in a robust and steady economic expansion. We continue to pencil in 3% growth over 2015. That’s still centre-court performance."
"Last month’s rebound in agricultural sentiment proved short-lived."
"Signals from the survey’s pricing gauges remain subdued, consistent with other yardsticks. If this is sustained, the OCR is likely to be headed lower."
Quotes from Cameron Bagrie, Chief Economist at ANZ
"Business confidence and firms’ signals on the employment, investment and activity fronts continue to oscillate, as opposed to trend."
"They are holding onto high levels, consistent with an economy entrenched in a robust and steady economic expansion. We continue to pencil in 3% growth over 2015. That’s still centre-court performance."
"Last month’s rebound in agricultural sentiment proved short-lived."
"Signals from the survey’s pricing gauges remain subdued, consistent with other yardsticks. If this is sustained, the OCR is likely to be headed lower."