Due from New Zealand soon are data for the May trade balance and later business activity and confidence
2245GMT New Zealand trade balance for May
- expected surplus of 100m, prior surplus 263m
- exports expected 5.25bn NZD, prior 5.05bn
- imports expected 5.10bn, prior 4.79bn
0100GMT ANZ Business Survey (June)
- Activity outlook prior 13.6
- Business confidence prior -27.2
I posted a preview earlier:
This now via Westpac:
NZ June ANZ business confidence
- Business confidence has fallen over the last couple of months. The fall in confidence has been fairly wide spread with the construction sector particularly pessimistic in recent months
- It will be interesting to see how confidence in the agricultural sector has responded to the Government's decision to attempt to eradicate Mycoplasma bovis
- We expect soft confidence to translate to a lull in business investment this year
- Inflation expectations have been relatively stable in recent months. They may edge higher over the second half of the year on the back of rising petrol prices and rising headline CPI inflation.
Following on, due tomorrow, the Reserve Bank of New Zealand :
