NZ: Activity indicators eased in March - ANZ

ANZ analysts note that the New Zeeland economy’s most activity indicators eased in March and the business confidence fell 7 points to -38, while firms’ views of their own activity fell 5 points.

Key Quotes

“Pricing intentions lifted very slightly. Cost pressures are reported to be particularly acute in agriculture and construction.”

“Residential construction intentions plummeted to their lowest level since 2009, led by Auckland. Export intentions are near record lows.”