Due on Thursday #da28 March 2019 at 0000GMT are the result from ANZ's Business Outlook Survey.
This is a monthly survey of around 1,500 businesses NZ-wide.
- March data due today
- priors were -30.9 for business confidence and 10.5 for activity outlook
Some quick 'what to expect's from
ASB:
- business confidence and firms' own activity expectations fell in February, dashing hopes that business confidence would improve over early 2019
- weakness was led by the services sector, which is a key driver of NZ economic growth.
- The continued low level of business confidence in February suggests GDP growth may not pick up in Q1 2019 as we are expecting.
Westpac:
- Confidence could take a bigger hit this month following the release of the Tax Working Group's final recommendation to the Government on the 21 of February. The most widely publicised aspect of the report was the recommendation of a broad-based capital gains tax on all assets excluding of the family home.
- …. the report was roundly criticised by many in the business community.
