New Zealand Jun ANZ Business Confidence: 36.6 v 10.0 prior
Activity Outlook: 36.9 v 25.6 prior - - Comments - - Inflation indicators were softer. Inflation expectations eased from 3.63% to 3.36%, cost expectations fell from 90 to 85, and pricing intentions fell 6 points to a net 51% expecting to raise prices, the lowest since November. Again, most of the moves were already evident in the early-month responses. - - Activity indicators rebounded in June, with most of the increase occurring at the very start of the month, when the bulk of responses came in – before the sharp fall in oil prices that occurred mid-month. The responses received on or after 22 June (when the reminder went out) were not consistently higher or lower
Activity Outlook: 36.9 v 25.6 prior - - Comments - - Inflation indicators were softer.
Inflation expectations eased from 3.63% to 3.36%, cost expectations fell from 90 to 85, and pricing intentions fell 6 points to a net 51% expecting to raise prices, the lowest since November.
Again, most of the moves were already evident in the early-month responses. - - Activity indicators rebounded in June, with most of the increase occurring at the very start of the month, when the bulk of responses came in – before the sharp fall in oil prices that occurred mid-month.
The responses received on or after 22 June (when the reminder went out) were not consistently higher or lower