New Zealand: ANZ business confidence for March: -38.0 (prior -30.9) & Activity Outlook: 6.3 (prior 10.5)

ANZ's Business Survey for March 2019

Another drop for business confidence

ANZ remarks on the results:

  • economy is quietly losing steam
  • increased wariness from firms
  • growing risk that the 'hard data' is going to roll over more noticeably

NZD has fallen in the data release, below its overnight lows

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