Liz Kendall, Senior Economist at ANZ, notes that when NZ businesses were asked what they thought about business conditions in the year ahead, a net 39% of businesses were pessimistic, down 12 points and back at November lows. Key Quotes “Business confidence has been falling since June last year as economic headwinds have strengthened.” “Business sentiment is only one input into the decision-making that drives the economy. Firms’ expectations of their own activity are a better gauge of future GDP growth. Firms’ views of their own activity dipped from +14 to +9 in June but remain positive. Looking at own activity by industry, retailers remain the least positive (+6), while manufacturers are the most upbeat (+16).” “Our composite GDP growth indicator combines business expectations and intentions with consumer confidence. This remains expansionary (with robust consumer confidence providing support), but suggests the economy may continue gently losing steam over coming months, despite the support coming from fiscal stimulus and high commodity prices.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Consumer confidence index fell to 126.4 in June – Nomura FX Street 3 years Liz Kendall, Senior Economist at ANZ, notes that when NZ businesses were asked what they thought about business conditions in the year ahead, a net 39% of businesses were pessimistic, down 12 points and back at November lows. Key Quotes "Business confidence has been falling since June last year as economic headwinds have strengthened." "Business sentiment is only one input into the decision-making that drives the economy. Firms' expectations of their own activity are a better gauge of future GDP growth. Firms' views of their own activity dipped from +14 to +9 in June but remain positive. Looking at own… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
