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New Zealand July Business Confidence -13.1% (prior -18%)

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ANZ New Zealand Business Survey for July 2023

  • Business Confidence -13.1% (prior -18%)
  • Activity Outlook +0.8% (prior +2.7%)

more to come

ANZ comments:

  • The economy is slowing, but certainly not coming to a sudden stop.
  • Inflation indicators mostly crept slightly lower, but cost expectations
    lifted, and the proportion of firms expecting to raise wages increased.

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