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New Zealand business confidence slightly less gloomy
Abstract：New Zealand business sentiment improved slightly in July but remained gloomy in the face of intense inflation pressures, an ANZ Bank survey showed on Thursday.
The surveys headline measure showed a net 56.7% of respondents expected the economy to deteriorate over the year ahead. That compared with a 62.6% pessimism level in the previous poll in June.
ANZ said in a note that businesses were well aware the Reserve Bank is on a mission to reduce customer demand to curb inflation so it was no surprise they were feeling apprehensive.
A total of 8.7% of respondents expected their own businesses to shrink in the next 12 months, a slight improvement from 9.1% previously.
ANZ said economy-wide inflation pressures remain intense with 91.3% of business expecting costs to rise.
The rate of increase in costs appears to have stabilised, but it remains far too high, the bank added.
It also noted that supply side factors continue to cause headaches, while a severe lack of labour is also hurting businesses.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Did you fail to receive payouts from KUBERA MARKETS despite successfully passing the trading challenge? Failed to log in to the trading account despite passing both the evaluation and funded phase? Were you surprised by the sudden nominal fee norm to receive a funded account? Did you have to go through a long withdrawal process? We have investigated these user claims while preparing this KUBERA MARKETS review article. Keep reading!
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BelleoFX Review: Allegations of Controversial Profit Cancellations & Account Closure
Have your past good experiences been marred by recent cases of profit cancellations by BelleoFX, a Mauritius-based forex broker? Has your trading account been blown away by the broker’s official upon your refusal to deposit more? Did the broker’s official tell you to deposit more, even if the earlier attempt turned unsuccessful? Did the high-return promise fall flat on the ground? In this BelleoFX review article, we have investigated these allegations. Take a look!
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