Analysts at TD Securities point out that NZ’s June permits fell -7.6%/m in June, but follows a blistering few months, such that Q2 permits rose +8.2%/q (after +5.8%/q in Q1). Key Quotes “Business confidence continues to be a protest against anti-business government policies (higher wages, lower migration, slaughtering cows) but inflation expectations are still crucial. Activity slid to +4 and confidence plummeted to -45 in July.” “Looking closer, pricing intentions strong at +29, inflation expectations ease a tad from 2.29% to 2.24%, but still remaining above mid-point 2%. Exports solid at +12 and dwelling construction at +16. Profits taking a hit (fall from -13 to -17) but not surprising with the costs of production accelerating but little opportunity to pass on in the current environment.” 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 Australia: Credit to the private sector grew by 0.3% in June – Westpac FX Street 5 years Analysts at TD Securities point out that NZ's June permits fell -7.6%/m in June, but follows a blistering few months, such that Q2 permits rose +8.2%/q (after +5.8%/q in Q1). Key Quotes "Business confidence continues to be a protest against anti-business government policies (higher wages, lower migration, slaughtering cows) but inflation expectations are still crucial. Activity slid to +4 and confidence plummeted to -45 in July." "Looking closer, pricing intentions strong at +29, inflation expectations ease a tad from 2.29% to 2.24%, but still remaining above mid-point 2%. Exports solid at +12 and dwelling construction at +16. Profits taking a… 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.
