New Zealand April business confidence 49.3 (vs. 57.5 prior ) ...Middle East

Business confidence fell 9 points to 49.3Expected own activity fell 1 point to 47.7

ANZ comments:

past own activity (the best GDP indicator in the survey) jumped 10 points from 1 to 11, while past employment jumped 8 points, from -6 to 2. Most forward-looking activity indicators were sharply lower in the late-month responses. Pricing and cost indicators indicate margin squeeze from ongoing cost pressures. One-year-ahead inflation expectations were little changed at 2.65%.

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This article was written by Eamonn Sheridan at www.forexlive.com.

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