New Zealand ANZ business survey for November improves dramatically, boosts NZD

Ross J Burland FXStreet

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."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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