New Zealand business confidence, July 2024: 27.1 (prior 6.1) ...Middle East

Business confidence has a huge jump to 27.1%prior 6.1 Activity outlook 16.3%, also higherprior 12.2ANZ's Key pointsBusiness confidence jumped 21 points to +27 in July, and expected own activity lifted 4 points to +16. To be fair, these up/down responses are relative to an ever-weaker starting point (past own activity dropped 6 points to -24), so there’s a bit of a “well, can’t get any worse” vibe to it. Pricing intentions lifted 3 points to 38, but inflation expectations eased from 3.5% to 3.2%. Inflation indicators were softer in the later sample.NZD/USD is barely responding, around 0.5906 This article was written by Eamonn Sheridan at www.forexlive.com.

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New Zealand business confidence, July 2024: 27.1 (prior 6.1) ...Middle East

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