NZ: Business outlook stalled in February - ANZ

Analysts at ANZ note that for the New Zealand economy, the recent improvement in business activity indicators out of the ANZ Business Outlook survey stalled in February.

Key Quotes

“Business confidence fell 7 points, while firms’ views of their own activity eased 3 points.”

“Activity indicators generally ticked down. Export intentions fell to the weakest since March 2009. Pricing intentions remain range-bound.”

“Expected availability of credit dropped sharply.”