Anne Boniface, senior economist at Westpac, points out that the New Zealand’s headline confidence fell from -24.1 to -30.9 and there was also a deterioration in firms’ outlook for their own activity, which fell from 13.6 in December to 10.5 in February. Key Quotes “Business confidence remains more downbeat than other indicators that suggest ongoing modest growth in New Zealand economic activity.” “There was a deterioration across most activity indicators in today’s survey including expectations of profitability, employment, investment and export intentions.” “Pricing gauges were mixed in today’s survey. There was a small drop in inflation expectations to 2.06% while pricing intentions rose a little.” “The February survey period is likely to have predated the much of the recent discussion about the potential for a capital gains tax to be introduced following the release of the tax working group’s final report. However, with debate set to continue over March, as the Government considers its options, this could well be a feature of next month’s survey.” 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 USD/JPY Technical Analysis: Eyeing flag breakout on 15-min chart FX Street 4 years Anne Boniface, senior economist at Westpac, points out that the New Zealand's headline confidence fell from -24.1 to -30.9 and there was also a deterioration in firms' outlook for their own activity, which fell from 13.6 in December to 10.5 in February. Key Quotes "Business confidence remains more downbeat than other indicators that suggest ongoing modest growth in New Zealand economic activity." "There was a deterioration across most activity indicators in today's survey including expectations of profitability, employment, investment and export intentions." "Pricing gauges were mixed in today's survey. There was a small drop in inflation expectations to 2.06% while… Regulated 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.
