NZ data - ANZ Consumer Confidence Index (January): 3.4% m/m (prior -2.1%)

New Zealand economic data, this from the ANZ Bank, their Consumer Confidence Index for January.

Up 3.4% on the month to 128.7

• Prior was -2.1% m/m to 124.5
• January is its highest for 21 months

ANZ remarks:

• Confidence higher on good news on the labour market, still low inflation, pick up in the outlook for dairy
• ANZ GDP gauge is showing growth at greater than 4%

As part of this release the ANZ also survey inflation expectations, for January these at 3.7% (from 3.4% last month)

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earlier from NZ today:

• New Zealand Building consents (permits) for November: -9.2% m/m (prior +2.6%)
• New Zealand - BusinessNZ Manufacturing PMI (December): 54.5 (prior 54.5)