InvestingLive reports that ANZ’s October survey showed New Zealand business confidence rising to +53, while expected own activity eased to +46. A net 52% of firms plan price increases over the next three months, the highest since May. Inflation expectations held at 3.3%. ANZ says demand has proved resilient despite renewed oil-price pressure, but warns that firms’ cost expectations start from an already inflated base. Services export intentions reached a 25-year high.
Related currencies / asset groups: NZD
ANZ’s October survey showed confidence at +53 and expected own activity at +46.
InvestingLive / ForexLiveA net 52% of firms expect to raise prices over the next three months, the highest since May.
InvestingLive / ForexLiveLimitation: ANZ cautions that firms estimate further cost increases from an already inflated starting point.
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