New Zealand September business confidence 60.9 (prior 50.6) ...Middle East

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ANZ Business Outlook survey September 2024Business Confidence 60.9% prior 50.6%Activity 45.3% prior 37.1%ANZ comment:first signs of improvement in current activityA sharper rebound in economic activity than generally anticipated would of course be great news – as long as inflation still returns sustainably to target. The proportion of firms intending to raise their prices in the next three months lifted for a third consecutive month. It’s the highest since April and well above pre-COVID levels. But in good news from the RBNZ’s point of view, reported wage growth has dropped from 4% in April to 3% six months later, and no doubt relatedly, cost expectations have dropped steadily from 3.2% in A

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New Zealand September business confidence 60.9 (prior 50.6) ...Middle East

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