Sage Investment Club

ANZ New Zealand Business Survey

ANZ remarks on the results:

Business people appear to have come back from holiday in slightly better
spirits. Some of the shock value of the November rate hike and talk of a
“deliberately engineered” recession appears to have worn off, though most
indicators remain at very subdued levels.

The key themes of the January survey:

Inflation expectations remain stuck around
6% (figure 2).

NZD/USD is up a few tics after the data. Just a few tics though, not a lot in it.

Better confidence is projected ahead:

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