BNZ Weekly Overview

BNZ Weekly Overview

Maybe its just natural fluctuation, but our fortnightly confidence survey captured the large worsening in business sentiment reported yesterday morning some four weeks ago. It will be interesting to see if we are creating a good early indicator of sentiment shifts. This week we are running the survey again. Many thanks to those who have been responding and a special word to the many people emailing us asking if we can make comments on their particular sectors. We are not making the comments – you are. So if you want to see a comment on the wig-making industry or whatever then please send one in and get the ball rolling.

If time permits please click on the url below and let us know how you think the economy will go and if time permits please pen a quick comment on your particular industry.

http://www.closer.co.nz/bnzeconomist.asp

The Week Gone By

Because of school holidays and trips to Waiheke Island (expensive), Rainbows End (great place), Auckland Museum (leaves Te Papa for dead) and so on this week’s Weekly Overview is much shorter than usual. The main events over the week have been the release of data showing a large fall in business confidence and slightly below average investment and employment intentions, plus the decision by the Reserve Bank to leave the official cash rate unchanged this morning at 6.75% - with a particularly strong warning that upside risks to inflation and interest rates remain.

To Read The Weekly Overview Go To: http://www.bnz.co.nz/About_Us/1,1184,3-29-319,00.html

ENDS

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