New Zealand – ANZ business survey for November has arrived as a good improvement which has propelled NZD higher. despite the latest bump in the road for trade talks between the US and China. While it is regarded as second-tier data, it is closely watched by the Reserve Bank of New Zealand.
Data outcomes
Business Confidence arrived -26.4 beating the prior -42.4.
Activity Outlook 12.9 vs the prior -3.5.
Analysts at ANZ bank explained that “both headline business confidence and own activity made double-digit jumps to the highest levels this year. Agriculture and retail are leading the charge. All activity indicators rose. Cost and pricing indicators remain mixed.”
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