NZ: Headline business confidence fell a further 5 points in August - ANZ

Sandeep Kanihama FXStreet Contributor

Sharon Zollner, Chief Economist at ANZ, notes that New Zealand’s headline business confidence fell a further 5 points in August, but firms’ views of their own activity were steady.

Key Quotes

“Manufacturing is now the least confident sector – likely a lagged impact from construction sector woes. The services sector is the most optimistic.”

“Activity sub-indicators remain weak. This month we take a closer look at the implications of weak investment and employment intentions, and conclude the threat to near-term activity is real.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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