New Zealand November business confidence 67.1%, the highest in 11 years
- prior 58.1%
Business activity 53.1%, the best reading in more than 10 years.
- prior 44.6%
New Zealand posting solid numbers yet again.
Inflation signals were mixed.
- The share of firms planning to raise prices in the next three months increased from 44% to 51%, the highest since March.
- However, the proportion expecting cost increases dipped slightly to 74%.
- One-year-ahead inflation expectations held steady at 2.7%.
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Earlier:
- RBNZ’s Hawkesby says policy now stimulatory but warns on global independence risks
- New Zealand Q3 retail sales show huge jump, much improved from Q2
The news from yesterday has lifted the NZD:
- investingLive Asia-Pacific FX news wrap: AUD up (high CPI), NZD up (rate cut), JPY up (BoJ
- investingLive Americas FX news wrap 26 Nov:NZD soars on Hawkish Cut/GBP rallies on budget
This article was written by Eamonn Sheridan at investinglive.com.