The ANZ business confidence stood at 31.5, more than last month`s 26.5. This indicates that optimism is growing. In fact, the subheading of the report is titled "sweet spot".
Here are some highlights of the ANZ business outlook report:
- The economy is in an enviable sweet spot; demand indicators remain strong
and inflation nuances benign.
- Readings across the survey flag good growth, employment and investment.
- Inflation expectations have now fallen to within a whisker of the RBNZ’s 2%
target, a first since September 1999. Whether this is a one-shot wonder
remains to be seen.
No comments:
Post a Comment