New Zealand’s (NZ) Treasury is out with its monthly economic indicators report, with the key highlights found below.
New Zealand moved to Alert Level 3 on 27 April, allowing many businesses to reopen.
High frequency indicators show a tick up in economic activity, though it remains well below normal levels.
Data from March show exports held up strongly despite the effects of the COVID-19 pandemic.
The finalised ANZ Business Outlook Survey for April showed business confidence improved slightly from the preliminary read released on 8 April, but remains firmly negative.
- NZD/USD tests 5-day MA below 0.61
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