New Zealand ANZ Business Activity Outlook & Business Confidence for February is due at 0000 GMT
- Activity Outlook, prior 15.6
- Business Confidence, prior -37.8
This preview via Westpac (bolding mine):
Business confidence plunged in November after the formation of the new centre-left Government.
- The headline result was similar in December, but within that there was a modest rebound in confidence in many sectors, against a further decline in the agriculture sector. The latter may have reflected concerns aboutGovernment policies, but also fears of drought at the time.
The February survey will provide the first indication of whether businesses have become more accepting of the new Government in the new year (the survey is not held in January). The actual economic backdrop has generally been steady over the last few months.
Inflation expectations for the year ahead rose in November, perhaps due to concerns that Government policies will add to the cost of doing business. Ultimately we agree with this view, but not within the next year. The soft 1.6% print in the December quarter CPI may have helped to alleviate inflation concerns.
