New Zealand data

ANZ Business confidence for November, 14.6. This is a 6 month high.

  • prior was 10.5

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ANZ Activity Outlook for November, 32.0

  • prior was 23.7

Comments from ANZ:

  • Business confidence continued to improve in November
  • Rising to a six- month high
  • A better economic vibe is apparent across the broader survey too. This flags stronger growth ahead
  • Our composite indicator implies over 3% growth over the coming year; that's respectable amidst continued challenges for some sectors such as dairying, and signals a more diversified economy
  • Pricing gauges remain tame