ANZ New Zealand Business Survey for December 2024:
- Business confidence dropped 3 points to +62 in December
- but the actual expected activity rose by 2 points to +50
- Past activity (the best GDP indicator) jumped 10 points to 0.
- Past earnings fell 1 point to -13.
- There was little change in price indicators and inflation expectations, but there was a remarkable 7-point jump in spending expectations from a net 63% to a net 70% expecting higher spending in the next three months.
more to come
Earlier from NZ:
- New Zealand Q3 GDP -1.0% q/q (vs. -0.4% expected)
- New Zealand dollar falls even further after falling GDP
This article was written by Eamonn Sheridan at www.forexlive.com.
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