Data from New Zealand, ANZ-Roy Morgan Consumer Confidence
It rose a little, to 96.6 in February
- prior 96 even
ANZ:
- proportion of households thinking it’s a good time to buy a major household item, the best retail indicator, lifted 1 point to -15
- inflation expectations were little changed at 4.0%, continuing their stable run
I’m posting the data for those keeping track. Its not moving the NZD. As I’ve said a number of times recently, the kiwi$, along with other FX, is being moved much more by international developments than local data. By international developments I mean Trump’s on-off-on-off-etc. (i.e. inconsistent) rambling on tariffs.
The war on markets continued today: