New Zealand information – ANZ November Enterprise Confidence 64.9 (prior 65.7)

New Zealand November 2024 Enterprise Survey

Enterprise confidence 64.9%

• prior 65.7

Exercise outlook 48.zero%

• prior 45.9

ANZ feedback:

• Enterprise confidence eased 1 level to +65 in November, however anticipated
  personal exercise rose 2 factors to +48.
• Skilled personal exercise rose some extent
  to -10, whereas previous employment lifted from -15 to -12.
• Pricing intentions fell 2 factors to a web 42% of companies intending to boost
  costs within the subsequent three months. The common quantity by which they intend
  to boost eased from 1.7% to 1.6%.
• In excellent news for the RBNZ, inflation
  expectations dropped markedly from 2.eight% to 2.5%, seemingly impacted by
  the Q3 CPI print of two.2% y/y.

***

Earlier from NZ right now:

• Information from New Zealand right now confirms indicators of still-rising unemployment

Yesterday:

• ForexLive Asia-Pacific FX information wrap: RBNZ 50bp price reduce as anticipated, NZD jumped anyway

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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