NZ: Expect pick up in Sep business confidence – Westpac

FXStreet (Delhi) – Research Team at Westpac, suggest that even though the business confidence in Kiwi economy is likely to remain at low levels, but it won’t be surprising to see some pick-up in confidence in September supported by the rebound in dairy prices in recent weeks.

Key Quotes

“Business confidence has fallen sharply in recent months, with firms noting concern about the general economic outlook and their own trading conditions. Confidence has fallen particularly sharply in the agricultural sector, but is low across all sectors of the economy.

“We’ll be closely watching the survey’s inflation gauges to see how firms’ pricing intentions are evolving in the wake of the fall in the NZD.”