New Zealand data

August ANZ Business confidence, plummets again to a fresh 6 year low of -29.1

  • prior was -15.3
  • Lowest since March of 2009

and ANZ Activity Outlook lower this month, too, at12.2

  • prior was 19.0

ANZ warn:

  • "Our composite indicator for economic activity has fallen to a three-year low, with the economy approaching 'stall speed'"

Key survey indicators such as profit expectations and investment intentions (these more closely correlate to GDP) also weakened. Several are now at their lowest levels since 2009

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NZD/USD drops to fresh session lows with the worse data: